Latest news with #ElectricityAct
Time of India
6 hours ago
- Business
- Time of India
Power bill shocker: Pkl locals ready to knock at HERC doors
Panchkula: Concerned residents of Panchkula have come together to draft and circulate a petition in response to a recent steep increase in power bills. The petition, drafted by the Federation of Residents Associations (FORA), an umbrella body of residents welfare associations, will be formally submitted to the Haryana Electricity Regulatory Commission on Thursday in a bid to challenge and reduce the hike. Tired of too many ads? go ad free now Residents have shown solidarity and pushed for fair and affordable utility pricing. "We studied different bills and found that the cumulative effect of this revision, as notified by the respondent, is not only excessive and disproportionate but also amounts to an unjust enrichment by way of inflated charges imposed on consumers without adequate justification or supporting cost analysis. These arbitrary escalations, especially in the domestic and industrial sectors, violate the principle of reasonableness in tariff setting, fail to protect the consumer interest envisaged under the Electricity Act, 2003, and merit urgent judicial scrutiny," said RP Malhotra, president, FORA. "Thus, we are moving the petition Thursday. During elections, we were told that no power rates would be hiked, but the opposite happened, that too unannounced. Fixed charges are adding to a huge increase," he added. Solution Box's founder Mohit Gupta said, "At this stage, very few people understand the implications. It is around Rs 10,000 per year for 10 kW+ connections and Rs 4,000 per year for 5 kW connections. Add to this the enhanced slab rates. It will make a huge impact on small and medium domestic consumers." B R Mehta, a Sector 25 resident, said, "How will HERC justify before the court of law when challenged legally that consumers with much higher consumption are getting much lower bills than consumers with much lower consumption being asked to pay much higher amounts of bills?" Many residents said they have received bills with an increase of almost 100 to 400% compared to last year's bill. They are calling it illogical while the power department has said they have prepared bills as per commission's revised order. The Haryana Electricity Regulatory Commission had raised domestic and industrial categories from 20 to 30 paise per kWh (kilowatt hours)/kVAh from last year. MSID:: 121627153 413 |
New Indian Express
a day ago
- Business
- New Indian Express
DERC announces amendment to norms for shifting lines, bus depot electrification
NEW DELHI: The Delhi Electricity Regulatory Commission (DERC) has announced the Seventh Amendment to the Supply Code and Performance Standards Regulations, 2017, outlining a clear process for works such as shifting HT/LT lines and electrification of bus depots. These works are now to be divided into three broad stages — design and procurement, execution and installation, and testing, commissioning & handover. This structured approach aims to bring more clarity and accountability in implementing such government-backed projects. The DERC said that these changes were made based on directions from the Government of NCT of Delhi under Section 108 of the Electricity Act, 2003. The amendment, which is now in effect from the date of its publication in the official gazette, introduces new provisions under Regulation 24 to address electricity-related infrastructure works carried out by distribution companies on behalf of the Delhi government.
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Business Standard
a day ago
- Business
- Business Standard
Motilal Oswal upbeat on India's power sector; suggests buying 2 stocks
India's power utilities industry is still well-positioned for long-term growth thanks to strong supply-side readiness supported by policy, reliable coal production, and renewable energy (RE) additions. Structural tailwinds including energy transition, increased electrification, and economic growth are anticipated to continue sectoral momentum even if the demand for electricity moderates in the near future. India's peak power demand was 250 GW in FY25 and is expected to reach 270 GW in FY26. Demand volatility in peak months indicates the possibility of a significant recovery in the near future, even though demand growth slowed to about 5 per cent in FY25 (compared to 7–9 per cent in FY22–24) and then further reduced to about 2 per cent year-on-year (Y-o-Y) in April 2025 as a result of strong base effects and milder weather. FY25 saw notable capacity gains, with total generation capacity increasing by 33.3 GW, or 29 per cent Y-o-Y. With a 28.8 GW contribution, renewable energy was the main driver, with solar additions accounting for 23.8 GW. The remaining 5 GW came from wind energy, indicating the industry's obvious shift to greener sources. However, thermal capacity saw a net decrease of 2.2 GW, which was indicative of India's slow transition away from traditional power generation. To guarantee peak season readiness, the Ministry of Power has taken precautionary measures. Gas-based power plants are required by Section 11 of the Electricity Act, 2003, to optimise their generation throughout the summer. Grid India will organise and provide advance notice of operational schedules in the meantime. The action became more significant since India deactivated about 4.4 GW of inoperable gas-fired capacity, which caused operational gas capacity to drop sharply from 24.5 GW on March 25 to 20.1 GW on April 25. One important supply indicator, coal availability, is still strong. With Coal India alone having 105 MT of stock (+22.1 per cent Y-o-Y), domestic coal production increased 3.6 per cent Y-o-Y to 81.6 MT on April 25. With a total coal inventory of 125.8 MT, the government's efforts to alleviate supply for imported coal-based facilities also provided a sizable buffer for summer demand. While market volumes remain high, on the pricing front, unseasonable rains and better sell-side liquidity on IEX helped Real-Time Market (RTM) prices drop 24 per cent Y-o-Y in May (till the 25th). Besides, average Day-Ahead Market (DAM) rates remained steady at ₹5.2/unit in April. India's utilities industry is moving into a phase of structural resilience due to a robust pipeline of renewable energy projects, governmental emphasis on thermal stability, and growing energy demands. The sector is well-positioned for continued investment and operational expansion in FY26 and beyond thanks to rising power demand and growing renewable energy capacity. Suzlon – Target price: ₹83 Suzlon Energy (SUEL) remains our high-conviction pick amid improving execution, a net cash balance sheet, and strong earnings momentum ahead. Positive developments with respect to the implementation of local content in wind turbine manufacturing will boost market share and protect margins. We model FY26 delivery of 2.4GW, implying a quarterly run rate of 600MW, which we believe is reasonable (3QFY25 delivery: 447 MW). For SUEL, we estimate a compound annual growth rate (CAGR) of 46 per cent/51 per cent in revenue/adjusted profit after tax (PAT) over FY25-27. As per our understanding, key orders slated for FY26 already have substantial land acquisitions completed and have high power evacuation visibility. JSW Energy – Target price: ₹592 JSW Energy (JSWE) reported consolidated revenue of ₹3,180 crore in Q4FY25, with adjusted PAT up 34 per cent Y-o-Y, aided by higher other income and deferred tax benefits. Operational capacity reached 12.2 GW, with a robust project pipeline of 6.7 GW, reflecting strong growth visibility. Completion of KSK Mahanadi and O2 Power acquisitions positions JSWE for Earnings before interest, tax, depreciation, and amortisation (Ebitda) expansion in FY26. Net generation rose 24 per cent Y-o-Y, supported by new capacities and a high thermal plant load factor (PLF) of 84 per cent.
Economic Times
5 days ago
- Business
- Economic Times
High Voltage Bets: Suzlon and JSW Energy Poised for Strong FY26 Performance
India's power utilities sector remains well-positioned for long-term growth, backed by robust renewable energy (RE) additions, resilient coal production, and policy-driven supply-side readiness. ADVERTISEMENT Despite a near-term moderation in electricity demand, structural tailwinds such as energy transition, rising electrification, and economic growth are expected to support sustained sectoral momentum. Peak power demand in India reached 250GW in FY25 and is projected to touch 270GW in FY26. Although demand growth moderated to ~5% in FY25 (vs. 7–9% in FY22–24) and further eased to ~2% YoY in April 2025 due to high base effects and milder weather, demand volatility in peak months suggests potential for a sharp rebound in the near term. Capacity additions in FY25 were a standout, with total generation capacity rising by 33.3GW—a 29% YoY increase. Renewable energy was the key driver, contributing 28.8GW, led by solar additions of energy contributed the remaining 5GW, demonstrating the sector's clear pivot toward cleaner sources. On the other hand, thermal capacity witnessed a net decline of 2.2GW, reflecting India's gradual shift away from conventional power Ministry of Power has taken proactive steps to ensure peak season preparedness. Under Section 11 of the Electricity Act, 2003, gas-based power plants have been directed to maximize generation during summer months. ADVERTISEMENT Meanwhile, Grid India will coordinate and notify operational schedules in advance. The move gains relevance as India decommissioned ~4.4GW of inoperable gas-fired capacity, leading to a sharp decline in operational gas capacity to 20.1GW in Apr'25 from 24.5GW in Mar'25. Coal availability—a key supply metric—remains solid. In Apr'25, domestic coal production rose 3.6% YoY to 81.6MT, with Coal India alone holding 105MT of stock (+22.1% YoY). ADVERTISEMENT Total coal inventory stood at 125.8MT, offering significant buffer for summer demand, complemented by government efforts to ease supply for imported coal-based the pricing front, average Day-Ahead Market (DAM) rates stayed stable at INR5.2/unit in April, while Real-Time Market (RTM) prices dipped 24% YoY in May (till 25th), helped by unseasonal rainfall and improved sell-side liquidity on IEX. ADVERTISEMENT With a strong pipeline of RE projects, policy thrust on thermal reliability, and rising energy needs, India's utilities sector is entering a structurally resilient in power demand, coupled with expanding clean energy capacity, positions the sector favorably for sustained investment and operational growth in FY26 and beyond. ADVERTISEMENT Suzlon Energy (SUEL) remains our high-conviction pick amid improving execution, a net cash balance sheet and strong earnings momentum ahead. Positive developments with respect to the implementation of local content in wind turbine manufacturing will boost market share and protect model FY26 delivery of 2.4GW, implying a quarterly run rate of 600MW, which we believe is reasonable (3QFY25 delivery: 447MW).For SUEL, we estimate a CAGR of 46%/51% in revenue/adj. PAT over FY25-27. As per our understanding, key orders slated for FY26 already have substantial land acquisitions completed and have high power evacuation reported consolidated revenue of INR 31.8b in 4QFY25, with adjusted PAT up 34% yoy, aided by higher other income and deferred tax benefits. Operational capacity reached 12.2GW, with a robust project pipeline of 6.7GW, reflecting strong growth of KSK Mahanadi and O2 Power acquisitions positions JSWE for EBITDA expansion in FY26. Net generation rose 24% yoy, supported by new capacities and high thermal PLF of 84%.With merchant exposure below 1GW and coal import dependence reduced to 9–10%, earnings volatility is expected to decline. We give a Buy rating, backed by clear growth visibility and strong capacity additions. (The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
High Voltage Bets: Suzlon and JSW Energy Poised for Strong FY26 Performance
India's power utilities sector remains well-positioned for long-term growth, backed by robust renewable energy (RE) additions, resilient coal production, and policy-driven supply-side readiness. Despite a near-term moderation in electricity demand, structural tailwinds such as energy transition, rising electrification , and economic growth are expected to support sustained sectoral momentum. Peak power demand in India reached 250GW in FY25 and is projected to touch 270GW in FY26. Although demand growth moderated to ~5% in FY25 (vs. 7–9% in FY22–24) and further eased to ~2% YoY in April 2025 due to high base effects and milder weather, demand volatility in peak months suggests potential for a sharp rebound in the near term. Capacity additions in FY25 were a standout, with total generation capacity rising by 33.3GW—a 29% YoY increase. Renewable energy was the key driver, contributing 28.8GW, led by solar additions of 23.8GW. Wind energy contributed the remaining 5GW, demonstrating the sector's clear pivot toward cleaner sources. On the other hand, thermal capacity witnessed a net decline of 2.2GW, reflecting India's gradual shift away from conventional power generation. Live Events The Ministry of Power has taken proactive steps to ensure peak season preparedness. Under Section 11 of the Electricity Act, 2003, gas-based power plants have been directed to maximize generation during summer months. Meanwhile, Grid India will coordinate and notify operational schedules in advance. The move gains relevance as India decommissioned ~4.4GW of inoperable gas-fired capacity, leading to a sharp decline in operational gas capacity to 20.1GW in Apr'25 from 24.5GW in Mar'25. Coal availability—a key supply metric—remains solid. In Apr'25, domestic coal production rose 3.6% YoY to 81.6MT, with Coal India alone holding 105MT of stock (+22.1% YoY). Total coal inventory stood at 125.8MT, offering significant buffer for summer demand, complemented by government efforts to ease supply for imported coal-based plants. On the pricing front, average Day-Ahead Market (DAM) rates stayed stable at INR5.2/unit in April, while Real-Time Market (RTM) prices dipped 24% YoY in May (till 25th), helped by unseasonal rainfall and improved sell-side liquidity on IEX. With a strong pipeline of RE projects, policy thrust on thermal reliability, and rising energy needs, India's utilities sector is entering a structurally resilient phase. Growth in power demand, coupled with expanding clean energy capacity, positions the sector favorably for sustained investment and operational growth in FY26 and beyond. Suzlon: Buy| Target Rs 83 Suzlon Energy (SUEL) remains our high-conviction pick amid improving execution, a net cash balance sheet and strong earnings momentum ahead. Positive developments with respect to the implementation of local content in wind turbine manufacturing will boost market share and protect margins. We model FY26 delivery of 2.4GW, implying a quarterly run rate of 600MW, which we believe is reasonable (3QFY25 delivery: 447MW). For SUEL, we estimate a CAGR of 46%/51% in revenue/adj. PAT over FY25-27. As per our understanding, key orders slated for FY26 already have substantial land acquisitions completed and have high power evacuation visibility. JSW Energy: Buy| Target Rs 592 JSWE reported consolidated revenue of INR 31.8b in 4QFY25, with adjusted PAT up 34% yoy, aided by higher other income and deferred tax benefits. Operational capacity reached 12.2GW, with a robust project pipeline of 6.7GW, reflecting strong growth visibility. Completion of KSK Mahanadi and O2 Power acquisitions positions JSWE for EBITDA expansion in FY26. Net generation rose 24% yoy, supported by new capacities and high thermal PLF of 84%. With merchant exposure below 1GW and coal import dependence reduced to 9–10%, earnings volatility is expected to decline. We give a Buy rating, backed by clear growth visibility and strong capacity additions. (The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd ) ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
