MoP notifies new rules under the Electricity Act, 2003

The Ministry of Power (MoP) has notified the Electricity (Timely recovery of Costs Due to Change in Law) Rules, 2021 and Electricity (Promotion of generation from Renewable Sources of Energy by Addressing Must Run and Other Matters) Rules, 2021. The rules will help in the timely recovery of costs, which is crucial for the power sector as it depends largely on timely payments. The rules also provide that a must-run power plant shall not be subjected to curtailment or regulation of generation or supply of electricity on account of merit order despatch or any other commercial consideration unless owing to the event of a technical constraint in the electricity grid or for reasons of security of the electricity grid.