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We have curated a list of 10 significant developments that occurred during the week 14 - 20 Sep’25, both within India and internationally, which may have implications for Indian utilities, including the renewable sector, in future.

1. Avg. daily energy/ max peak demand during week was 4,972 MU (6% YoY, 1% YTDFY26)/ 225 GW (4% YoY, -3% YTDFY26).

2. WAvg MCP for the week was INR 3.9/kWh (vs. 2.9 last week) with daily avg buy/ sell/ traded volume of 251MU/ 458MU/ 123 MU.

3. The Appellate Tribunal for Electricity has set aside a penalty order issued by the Delhi Electricity Regulatory Commission against BRPL and BYPL, two discoms in Delhi, for failing to meet their Renewable Purchase Obligations. APTEL held DERC responsible, stating that its failure to allow adequate tariff determination had constrained the discoms’ financial capacity to comply with the RPO mandate.

4. Centre and state governments are working on a plan to strengthen financial viability of discoms with focus on reform-based debt restructuring, full-cost tariff orders, and state liability measures.

5. The ministry of coal to shortly roll out the second tranche of viability gap funding of around INR 24 bn for coal gasification projects.

6. Central Electricity Regulatory Commission (CERC) to soon issue final guidelines for virtual power purchase (VPPA) agreements.

7. Ministry of New & Renewable Energy (MNRE) notified National Policy on Geothermal Energy to explore and develop untapped geothermal resources.

8. The government notified the Electricity (Amendment) Rules, 2025, allowing Energy Storage Systems (ESS) to operate independently or as part of generation, transmission, or distribution. Developers and owners can now sell, lease, or rent ESS—fully or partially.

9. Global solar PV cell production stood at 58.6 GW in August (91% TOPCon, 3% PERC, 5% BC, 1% HJT).

10. "If we are forced to retire thermal power plants, not only do they become stranded assets they will also have implications on the soundness of the banking system. There will be a chain reaction, and once again, banks will become undercapitalised if the assets are written off. So, countries have a genuine trade-off between economic development and energy transition."- V Anantha Nageswaran, India's Chief Economic Adviser

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