The Central Electricity Regulatory Commission (CERC) has unveiled draft amendments aimed at modernising India’s power market—introducing Virtual Power Purchase Agreements (VPPAs), expanding OTC trading to include storage and RECs, and aligning rules with the Connectivity & GNA Regulation, 2022. This article summarises the changes and their impact. https://sidebarlaw.in/virtual-real-impact-cercs-2025-power-market-amendments-and-the-introduction-of-vitural-ppas-july-vol-i-2025/