Jun 17, 2025
India Proposes Virtual Power Purchase Agreements to Boost Renewable Energy Trading
India’s electricity regulator has introduced draft rules to allow Virtual Power Purchase Agreements (VPPAs), enabling large corporate buyers to financially support clean energy projects without physically consuming the electricity.
India’s Central Electricity Regulatory Commission (CERC) released draft Power Market Regulations on June 17, 2025, formally recognizing VPPAs—financial contracts enabling companies to lock in fixed prices with renewable developers, with differences settled via market prices . These instruments are aimed at helping India meet clean energy targets by encouraging private investment in green power, while power generators still sell electricity into the grid. Alongside this, the reforms strengthen CERC’s audit oversight of power exchanges and support new power derivative products from NSE and MCX. While VPPAs offer flexibility and direct finance to renewables, analysts caution they may become a compliance tool for companies to claim green credentials without actual renewable consumption. Public feedback is open until July 14 ahead of finalization. Read more.
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