MoP issues draft change in law rules

The MoP has issued the Draft Electricity (Change in Law, Must-run status and Other matters) Rules, 2020. The draft lays down rules to allow quick compensation to power plants for additional costs arising due to change in law events or modifications in consent or licences. As per the rules, the pass-through in tariffs due to a change in law will be implemented in an expeditious manner within 30 days. The draft has provided for 75 per cent of the agreed PPA tariff in case compensation is not provided for in the agreement. The rules also propose that renewable power plants, if served curtailment notices by discoms 24 hours in advance, will mandatorily sell that unscheduled electricity at the power exchanges.