LUCKNOW, May 12 -- The Uttar Pradesh Electricity Regulatory Commission (UPERC) has released the draft UPERC (Captive and Renewable Generating Plants) Regulations, 2024, outlining key provisions to promote renewable energy generation and streamline captive power policies in line with the Electricity Act, 2003.

The draft regulation, which will replace the existing 2019 regulations, includes several significant changes, particularly in areas of energy banking, tariff determination and fuel pricing. The draft available on the Commission's website proposes differentiated banking provisions for renewable energy (RE) and non-RE captive plants, aligning them with the Green Energy Open Access Rules of the Ministry of Power.

Captive plants are po...