The Central Electricity Regulatory Commission (CERC) has notified the CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2026.
The regulations apply to carbon credit certificates (CCCs) offered for transactions on power exchanges or through such other mode as may be permitted by the commission under the carbon credit trading scheme (CCTS), 2023 and the Power Market Regulations. They designate the grid controller of India as the registry for CCC exchange and require it to establish the necessary framework in line with the CCTS. The regulations also provide that the bureau of energy efficiency (BEE) will act as the administrator for CCCs issued under the Energy Conservation Act, 2001 to formulate a detailed transaction procedure. The regulations further provide for monthly transaction frequency, or such other periodicity as approved by the commission, and require power exchanges or other permitted entities to obtain prior CERC approval for rules, business rules and bye-laws, including eligibility criteria, price discovery mechanism and interaction processes with the registry.