The dispute dates back to December 2025, when the Maharashtra Electricity Regulatory Commission (MERC) rejected MSEDCL’s plea seeking to quash invoices raised by JSW Energy and allowed the power producer’s petition. The order effectively required MSEDCL to make payments of around ₹600 crore to JSW Energy.
MSEDCL subsequently challenged the decision before APTEL. But in an order dated August 19, the tribunal dismissed the appeal as withdrawn and, crucially, rejected MSEDCL’s request for liberty to approach MERC with a review petition.
What made the case particularly unusual was MERC’s own position before APTEL.
The regulator told the tribunal that its December 2025 order could be legally unsustainable and sought permission to reconsider it. In effect, MERC was asking for a route to revisit an order it had itself passed.
JSW Energy strongly opposed the move, describing it as an unprecedented situation where a regulator was effectively questioning its own order. The company argued that a regulator could not take sides in a dispute after passing its order.
APTEL, too, found the submission unusual, describing MERC’s position as “unusual and unconventional”. While it allowed MSEDCL to withdraw its challenge to the MERC order, it stopped short of giving the distributor the liberty it sought to return to MERC with a review petition.
For JSW Energy, that means the ₹600-crore relief granted by MERC remains intact for now, offering some clarity in a dispute that has taken an unusual turn.The development comes as JSW Energy continues to push ahead with its broader capacity expansion. Earlier this month, the company said it had added 1,166 MW of renewable capacity since April 2026, taking renewables to around 60% of its total installed capacity.
Following the acquisition of Maruti Clean Coal and Power Ltd, JSW Energy’s total installed generation capacity has risen to 14,920 MW. Its renewable portfolio now includes 3,125 MW of wind, 2,360 MW of solar, 1,696 MW of hybrid and 1,781 MW of hydro capacity, while thermal capacity stands at 5,958 MW.
The company remains on track to add 3 GW of greenfield capacity in FY27, even as it navigates a challenging earnings backdrop. JSW Energy’s June-quarter profit fell 37%, although revenue and EBITDA edged higher.
Shares of JSW Energy closed at ₹542.45 on Thursday, up 0.42%.
