The Central Electricity Regulatory Commission proposed amendments to its Power Market Regulations, 2021, to expand the scope of over-the-counter (OTC) power markets. An OTC market is a decentralized marketplace where financial instruments are traded directly between two parties without the use of an intermediary platform. The OTC market now includes delivery-based energy contracts, capacity contracts, renewable energy certificates, contracts related to virtual power purchase agreements, battery energy storage system contracts, and power banking.