Overview
- The Electricity (Amendment) Rules, 2026 revise Rule 3 to update the framework for Captive Generating Plants after stakeholder consultations.
- Ownership is clarified to count subsidiaries, holding companies and other group entities so SPV and group-developed projects retain captive status.
- Captive status will be verified on a uniform financial-year basis, with part‑year checks allowed in the first or last year of ownership.
- States may designate nodal agencies for intra‑state verification and the NLDC will handle inter‑state cases, with grievance committees to hear disputes.
- Pending verification from April 1, Cross‑Subsidy Surcharge and Additional Surcharge are paused on prescribed declarations, but become payable with carrying cost if captive status is later denied.