ERC Resolution No. 12, Series of 2026 – Issuance of IGC and MSL Limits Held in Abeyance

SUMMARY

WHAT IT IS

A resolution temporarily suspending the annual issuance of ERC’s Installed Generating Capacity (IGC) and Market Share Limitations (MSL) per Grid and for the National Grid, pending further review and analysis.

• Generation companies

• Entities required to submit management reports, and other industry stakeholders.

WHO IS AFFECTED

KEY DEADLINES

• Suspension of annual IGC and MSL issuance is effective immediately upon publication.

• Suspension lasts until June 30, 2026.

TAKEAWAY

• Impacted parties should monitor ERC publications for updates and ensure compliance with any ongoing reporting or submission requirements during the suspension period.

KEY POINTS

• Suspends the annual ERC resolution setting IGC and MSL per Grid and National Grid.

• Suspension is effective until June 30, 2026.

• The pause allows for further analysis and review of unredacted Shareholder’s Agreements (SHA) and Share Subscription Agreements (SSA) submitted by generation companies and other entities.

• The review aims to address issues in determining market share in line with Section 45(a) of EPIRA.

• Previous guidelines and resolutions on IGC and MSL remain referenced, but no new annual figures will be set during the suspension.

• Resolution takes effect immediately upon publication in a newspaper of general circulation or the Official Gazette.

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ERC Resolution No. 12, Series of 2026

• Detailed policy analysis

• Operational and compliance implications

• Stakeholder impact assessment

• Risk flags and ambiguities

• Suggested next actions

PREMIUM REGULATORY ANALYSIS

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Tags: WESM, Market Suspension, BCQ Redeclaration, Coal-Fired Generators, NGCP Curtailment, Pumped Storage Settlement

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