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ARTICLE · 27 NOVEMBER 2023

Regulatory Updates: Clean Energy (July To October 2023)

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The MoP, by a resolution dated July 26, 2023, notified the Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Wind Power Projects...

IndiaEnergy and Natural Resources
Deborshi Barat
Deborshi Barat
Navaneeth Krishnan
Navaneeth Krishnan
Pradhumna Mohan Dixit
Pradhumna Mohan Dixit

July 2023

Renewable Energy

Central Government

The Ministry of Power issues the Electricity (Second Amendment) Rules, 2023

Pursuant to a notification dated July 26, 2023, the Ministry of Power ("MoP") issued the Electricity (Second Amendment) Rules, 2023 for the purpose of further amending the Electricity Rules, 2005 (the "Electricity Rules") – including with the aim to enhance the financial stability of electricity distribution companies ("discoms"), as well as to establish a sustainable framework for the power sector. Accordingly, the amended Rule 15 and the newly added Rule 20 of the Electricity Rules seek to provide a framework for: (i) subsidy accounting and payment by discoms, and (ii) the financial sustainability of such discoms.

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