MERC Introduces Virtual Net Metering in Rooftop Solar Regulations

09 Sep 2024 CW Team

The Maharashtra Electricity Regulatory Commission (MERC) has introduced virtual net metering in its Grid Interactive Rooftop Renewable Energy Generating System (Second Amendment) Regulations, 2024. This move will benefit residents of multistorey buildings who face challenges installing rooftop solar in shared spaces.

To encourage early adoption, MERC has exempted Open Access Charges and Losses for virtual net metering installations until the rooftop solar capacity reaches 5,000 MW. Post that, new installations using the wheeling facility will incur these charges.

The Commission has also clarified that multiple residents within the same housing complex cannot jointly set up a renewable energy system. Other consumer groups must use net metering, group metering, or green energy open access.

Additionally, MERC redefined the term "renewable energy meter" as "renewable energy generation meter" in the updated draft regulations.

MERC may also introduce time-of-the-day tariffs to incentivize prosumers to install energy storage systems for efficient use of stored solar energy during peak demand

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..