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India Energises the Future with India Energy Stack Version 0.3 A New Era for Power Markets
India’s Ministry of Power launched India Energy Stack v0.3 - A UPI-like digital blueprint unifying power markets with asset IDs, open APIs, and consent sharing. It powers seamless interactions, transparency, renewables, and dynamic pricing. Pilots kick off soon, aligning with
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Grid Connectivity as a Scarce Resource, What India’s Draft Response to Renewable Delays Signals, and Why the NTPC Green Energy, GAIL JV Matters
Execution, Grid Access, and the New Discipline in India’s Clean Energy Build Out India’s clean energy transition is now constrained less by ambition and more by execution bottlenecks: delayed power purchase agreements, congested transmission corridors, and the misalignment between project awards
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VPPAs in India, A New Tool for Renewable Price and Market Risk Management
What a VPPA is and why it matters Virtual Power Purchase Agreements (VPPAs) are financial instruments under which the contracting parties agree to settle the difference between the VPPA strike price and the settlement price,being the price discovered in the Power
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India’s Battery Energy Storage Systems Boom, and What Policy Must Get Right Next
Executive Summary India’s Battery Energy Storage System (BESS) market is moving from pilots to core grid infrastructure. The growth story is not only about falling battery costs, it is about policy certainty. In the last few years, the Government of India
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India’s Renewable Energy Transition and the Dramatic Plunge in Battery Storage Costs, Government Reports Show
India Enters the Storage Acceleration Era India’s clean energy landscape is undergoing a pivotal shift as battery energy storage systems (BESS) become significantly more affordable, reflecting both rapid technological change and sustained government policy support. Official documentation from the Ministry of
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India’s Energy Transition, Lessons from 2025 and What They Signal for 2026
India’s energy system is moving through its most rapid phase of change. The International Energy Agency has highlighted three clear trends in its recent India related assessments. Electricity demand is rising quickly due to heat and economic growth, renewable energy
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India’s renewable energy expansion reaches a new scale
India has entered a phase of rapid expansion in renewable energy. According to the Ministry of New and Renewable Energy, the country added almost 30 GW of renewable energy capacity in the financial year that ended in March 2025. Total
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The Electricity Amendment Bill 2025 Is the Power Reset India Can No Longer Delay
India’s electricity sector has been stuck between ambition and dysfunction for nearly two decades. The Electricity Act 2003 promised a competitive, efficient, open-access ecosystem, yet what emerged was a system marked by DISCOMs drowning in losses, tariffs distorted beyond logic,
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Karnataka Electricity Pension and Gratuity Costs Need a Transparent and Fair Framework
Introduction Karnataka’s electricity sector is entering a decisive moment. The recent decision by the Karnataka Electricity Regulatory Commission (KERC) permitting distribution companies to recover pension and gratuity liabilities from consumers brings an important but uncomfortable reality into the open. These liabilities
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India’s Carbon Market Takes Shape: From Policy Blueprint to Trading Reality
Laying the Groundwork: The Law That Started It All India has moved from pilots and intent to an operational design for a national carbon market. The legal foundation sits in the Energy Conservation (Amendment) Act, 2022, under which the government is
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Karnataka’s 2025 Grid Code and Open Access Reset: A Turning Point for Market Access, Discipline, and Decentralized Power
What’s new - At a glance The Open Access Regulations, 2025 were notified on 26 March 2025. KEGC 2025 was notified in July 2025 and establishes a fresh intra-state grid discipline. Alongside, the state has issued a fresh Deviation Settlement Mechanism (DSM) regulation
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India’s REC Framework 2025: A Shift Towards Smarter, Inclusive and Stricter Renewable Energy Compliance
The Central Electricity Regulatory Commission (CERC) has released the Draft Renewable Energy Certificate (REC) 1st Amendment Regulations, 2025, marking a major shift in India’s renewable energy compliance landscape. This amendment goes beyond routine revision, aiming to align renewable procurement, compliance,
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Re-calibrating Power: How Transmission Governance Is Evolving in India
On 23 June 2025, the Ministry of Power (MoP) issued a Gazette notification amending the Electricity (Transmission System Planning, Development and Recovery of Inter State Transmission Charges) Rules, 2021. The amendment allows the Central Government to delegate approval authority for
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Regional REC Dynamics: Why Some States Drive Demand While Others Lag
Renewable Energy Certificate (REC) demand in India isn’t uniform. Some states consistently drive trading activity, while others barely participate. The reasons behind this divergence go beyond the statistics. Regulatory enforcement, industrial structures and the evolution in the way state markets
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Uttarakhand Cabinet Clears Geothermal Energy Policy 2025 to Strengthen Renewable Energy Portfolio
On 9 July 2025, the Uttarakhand state cabinet approved the Geothermal Energy Policy 2025, marking the first structured framework for the exploration and development of geothermal resources in the state. This policy seeks to harness the Himalayan hot springs for
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The Future Price of Power: Why Electricity Derivatives Matter for India’s Market Evolution
In a world where electrons flow in real time but markets often lag behind, electricity derivatives represent the financial sophistication India’s power sector needs but policymakers have been cautiously avoiding. For a country hurtling toward a high-renewable, decentralised, and demand-responsive
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India Energy Stack: Powering the Digital Grid of the Future
India’s electricity exchanges which were once plain trading platforms are fast becoming engines of market reform. Short-term power markets, including all channels such as power exchanges, bilateral trades, direct contracts, and DSM, accounted for about 12.5% of India’s total electricity
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India Scraps Central Renewable Energy Pricing Pools: A Push for Market-Linked Power Deals
Overview of Policy Change On 1 August 2025 the Ministry of Power officially discontinued the Uniform Renewable Energy Tariff (URET) mechanism. This decision ended both the Solar Power Central Pool and the Solar Wind Hybrid Central Pool. The formal notification is
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Policy Brief – Bihar Renewable Energy Policy 2025
Executive Summary The Bihar Renewable Energy Policy 2025 introduces aggressive targets for solar wind and distributed generation backed by a toolkit of financial incentives and implementation mechanisms. While the policy reflects the state's intent to transition to a cleaner grid its
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Carbon Market Draft Rules: India’s Compliance Era Begins
India has taken a landmark step towards formalising its carbon market framework by notifying the Draft Greenhouse Gas Emission Intensity (GEI) Rules, 2024. Issued by the Ministry of Environment, Forest and Climate Change (MoEFCC), these rules have put forth legally