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1. Short Title and Commencement: (1) These regulations may be called the Central Electricity Regulatory Commission (Regulation of Power Supply) (First Amendment) Regulations, 2021. (2) These regulations shall come into effect from the date of their publication in the Official Gazette. 2. Amendment to Regulation 2 of the Principal Regulations: (1) Sub-clause (c) of Clause(1) of Regulation 2 of the Principal Regulations shall be substituted as under: “(c) "Beneficiary" means the person (i) who has been allocated electricity from a Central Generating Station; or (ii) who is being supplied electricity generated from a generating station whose tariff is determined or adopted by the Commission; or (iii) who is availing long term access or medium-term open access to inter-State transmission system; or (iv) who is a user of the inter-State transmission system” (2) Sub-clause (d) of Clause (1) of Regulation 2 of the Principal Regulations titled as “Defaulting Entity” shall be renumbered and substituted as under: “(d-i) "Defaulting entity" means the beneficiary which has defaulted in making payment by due date to a generating company or a transmission licensee or in maintaining Letter of Credit or any other agreed Payment Security Mechanism in terms of the Agreement or the applicable Regulations, as the case may be;”