The Central Electricity Regulatory Commission (Procedure, Terms and Conditions for grant of trading licence and other related matters) Regulations, 2020

Jan 06, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Central Electricity Regulatory Commission (CERC) on January 02, 2020, notifies the Central Electricity Regulatory Commission (Procedure, Terms and Conditions for grant of trading licence and other related matters) Regulations, 2020 for fixation of trading margin for inter-State trading in electricity. The Commission had published the Draft CERC (Procedure, Terms and Conditions for grant of trading licence and other related matters), 2019 on July 24, 2019. Thereafter, considering the comments and suggestions provided by the stakeholders, the existing Trading Licence Regulations, 2009 and Trading Margin Regulations, 2010 stand repealed from the date of coming into force of CERC (Procedure, Terms and Conditions for grant of trading licence and other related matters), 2020.

All proceedings under these Regulations shall be governed by the Conduct of Business Regulations. Any person desirous of undertaking inter-State trading in electricity shall make an application to the Commission for grant of licence in the manner specified in Form-I and such application shall be accompanied by application fee. The trading margin shall be applicable to all transactions under short term contracts, long term contracts, banking of electricity, transactions under Back to Back contracts, cross border trade of electricity, undertaken by the Trading Licensee.

These Regulations shall come into force on and from the date of their publication in the Official Gazette.

[Notification No. L-1/253/2019/CERC]


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