The Forum of Regulators (A forum comprising of Chairperson of the Central Electricity Regulatory Commission and Chairpersons of the State Electricity Regulatory Commissions) has approved a Model Regulation for State Electricity Regulatory Commissions (SERCs) on Renewable Purchase Obligation (RPO) and its compliance, wherein there is a provision for levy of compliance charge on the basis of the shortfall in units of RPO at the forbearance price decided by the Central Commission, in event of obligated entities not fulfilling the renewable purchase obligation.
The Electricity Act, 2003 mandates SERCs to specify a percentage of total power consumed by the obligated entities from renewable energy in their States. The responsibility of monitoring and also ensuring compliance of the same lies with the concerned SERCs.
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