Punjab Proposes to Allow Banked Energy Carry-Forward in Intra-State Open Access Projects
The Punjab State Electricity Regulatory Commission has proposed revised norms for banked energy under its draft amendment to its 2011 Intra-State Open Access Regulations, allowing monthly carry-forward until the annual settlement period, beyond which unutilised energy will lapse without compensation.
March 18, 2026. By Mrinmoy Dey
Under the proposed amendment, banked energy can now be carried forward on a month-to-month basis until the end of the settlement period, which runs from June 1 to May 31 of the following year. “The banked energy remaining unutilised at the end of the settlement period shall lapse and no compensation shall be paid for such lapsed banked energy,” stated the notification.
For FY 2025-26, the settlement period has been extended to May 31, 2026. The handling of surplus unutilized energy will be governed in line with the Electricity (Promoting Renewable Energy to Green Energy Open Access) Amendment Rules, 2023.
The amendment also clarifies that ‘Green Energy open access consumers’ includes captive users drawing power from renewable energy-based CGPs connected to the intrastate transmission or distribution network. These revisions aim to streamline energy accounting, improve transparency in banked energy usage, and provide clear guidelines for renewable energy consumers under intra-state open access.
Stakeholders can submit their comments, suggestions and objections by April 20, 2026. The commission will hold a public hearing in this connection on April 22, 2026.
These Regulations shall come into force from the date of their notification in the official gazette of Punjab.
please contact: contact@energetica-india.net.
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