REC TRADE RESULTS NOVEMBER 2017

Non-solar demand was significantly higher than inNovember 2016, and also higher than last month. In total 22.07 lakh RECs were traded (745% higher than November 2016, and 353% higher than in October 2017), and clearing ratios on IEX and PXIL were 19.39% and 13.33% respectively. The increase in the number of RECs traded was partly because of the push by DISCOMs towards RPO compliance.

Trading of solar RECs  has been suspended due to the stay imposed by the Supreme Court.

 

TRADE RESULTS OF ESCERTS FOR WEEK 10

The tenth trading session of ESCerts took place today.

In total, there was a demand for 1,17,514 ESCerts, an increase of nearly 1000% from last week. This demand was against a total supply of 3,68,361 ESCerts (increase of 9.5% since last week).  Market clearing price was determined at Rs 250/ ESCert (the price determined last week was Rs 200 per ESCert), with 36,580 ESCerts sold (value traded increased by nearly 500%; the total traded value was Rs 0.91 crore). REConnect’s market share in this trade session was 85.7%.

Source: IEX

MNRE ROLLS OUT CLEAN ENERGY TRAJECTORY, PLANS TO ADD 100 MW SOLAR AND WIND CONTRACTS

The Ministry of New and Renewable Energy (MNRE), in order to fulfill its target of installing 175 GW renewable energy in the country by 2022, is planning to award 100 GW of solar and wind contracts by March 2020. Solar power shall form 75 GW of the total awarded power in the country.  To achieve 100 GW of solar capacity by 2022, the state and central ministries shall work together to lay bids for ground-mounted solar parks for 20 GW. Following is the plan suggested by the MNRE for solar capacity addition:

 

 

The Government plans to complete the bid process by March 2020 to give the developers time to build these projects. The MNRE also plans to set up solar projects for farmers. Such projects would involve setting up of small solar plants on fallow land and solarizing water pumps. There have been talks about setting up 20 GW solar manufacturing capacity, 5-10 GW floating solar power projects and 10 GW hybrid solar-wind power systems.

 

The article can be accessed here.

TNERC REVISES RATE OF POWER PURCHASE WITH RESPECT TO WIND ENERGY REC GENERATORS

TANGEDCO, in a memo dated 15/11/2017, has released  the revised rate of power purchase with respect to the wind energy REC generators from FY 2012-13.

The On REC WEGs availed Accelerated Depreciation is as follows:

 

On REC WEGs not availed Accelerated Depreciation:

 

TRADE RESULTS OF ESCERTS FOR WEEK 9

The ninth trading session of ESCerts took place today.

In total, there was a demand for 10,963 ESCerts, a decrease of 10.44% from last week. This demand was against a total supply of 336,121 ESCerts (increase of 5.10% since last week).  Market clearing price was determined at Rs 200/ ESCert (same as last week), with 7513 ESCerts sold (value traded reduced by 38%; the total traded value was Rs 0.15 crore). REConnect’s market share in this trade session was 72%.

 

 

Source: IEX

 

 

TRADE RESULTS OF ESCERTS FOR WEEK 8

The eighth trading session of ESCerts took place today.

 

In total, there was a demand for 12,241 ESCerts, an increase of  of 6.25% from last week. This demand was against a total supply of 3,19,810 ESCerts (decrease of 26.7% since last week).  Market clearing price was determined at Rs 200/ ESCert (compared to Rs 350 last week), with 12,125 ESCerts sold (value traded reduced by 33%; the total traded value was Rs 0.24 crore).  The price of ESCerts has reduced to nearly 1/6th from where it started.

 
Source: IEX
A circular has been released by the Bureau of Energy Efficiency (BEE) instructing all the Designated Consumers (DCs) which had not achieved their energy saving targets to comply to their obligations as per PAT cycle-1 through purchase of ESCerts. The circular also mentions the penalty for non compliance as maximum Rs 10 lakh and the additional penalty to be incurred.

TRADE RESULTS OF ESCERTS FOR WEEK 7

The seventh trading session of ESCerts took place today.

In total, there was a demand for 11,521 ESCerts, a decrease of 45.23% from last week. This demand was against a total supply of 4,36,394 ESCerts (increase of 13.83% since last week).  Market clearing price was determined at Rs350/ ESCert (compared to Rs 500 last week), with 10,351 ESCerts sold (value traded reduced by 62%; the total traded value  was Rs 0.36 crore).  The price of ESCerts has reduced to nearly 1/4th from where it started.

 

 

 

Source: IEX

MAJOR REFORMS EXPECTED IN THE ENERGY SECTOR, SAYS POWER MINISTER

In an article in  Financial Express, the power minister, Mr RK Singh, declared that huge reforms are to be expected in the power sector in the near future. Few of such reforms mentioned were PPAs for all the electricity requirement being made mandatory in all Indian states, cross subsidy in tariff being limited, compensation of low agriculture tariff  by increasing the industrial and commercial tariff and introduction of Direct Benefit Transfer (DBT). Also, introduction of a penalty provision  to those not meeting their RPO targets. This is in line with the Draft National Electricity Policy released by Niti Ayog in June 2017. The Union Minister also added that carriage and content shall be separated by his ministry which shall give the end user the flexibility to where they want to procure electricity from.

TRADE RESULTS OF ESCERTS FOR WEEK 6

The sixth trading session of ESCerts took place today.

 

In total, there was a demand for 21,037 ESCerts, a decrease of 50.23% from last week. This demand was against a total supply of 3,83,379 ESCerts (increase of 9.60% since last week).  Market clearing price was determined at Rs 500/ ESCert (compared to Rs 600 last week), with 19,359 ESCerts sold (value traded reduced by 61.08%; the total traded value  was Rs 0.97 crore).

Source: IEX

REC TRADE RESULTS OCTOBER 2017

Non-solar demand was significantly higher than in October 2016, and also higher than last month. In total 4.87 lakh RECs were traded (90.78% higher than October 2016, and 27.51% higher than in September 2017), and clearing ratios on IEX and PXIL were 4.5% and 3.3% respectively. Solar RECs did not trade due to a stay imposed by the Supreme Court.

 
Go to top