CERC is considering leaving the REC price bands unchanged (the limits within which RECs are traded), and also extending the control period from the current three years, reported the Business Standard. CERC had come out with a draft order suggesting that prices be revised downward to Rs 1,400 – 3,480 Read more…
July saw significant new capacity getting registered. Registered projects capacity increased from 406 MW last month to 623 MW. However, our analysis found that very little of that is seeing issuance as of now. Approximately 30,000 RECs were issued this month translating to only 42 MW equivalent capacity (using standard Read more…
REC Trading has been picking up gradually. Both the volumes traded and the price showed some improvement over the last month – approximately 18,500 Non-solar RECs were traded this month, as compared to 16,000 in June. Price also showed marginal improvement, increasing to Rs 1,555 and 1,550 (IEX and PXIL) Read more…
Order on Average Pooled Purchase Cost (APPC) by Chhattisgarh State Power Distribution Company Ltd., Bhilai Steel Plant and Jindal Steel and Power Ltd. for the year 2010-11 and 2011-12 was declared recently. The order specified the pooled cost of power purchase for the year 2010-11 and 2011-12 based on actual Read more…
Honorable Punjab State Electricity Regulatory Commission (PSERC) have also determined the Average Power Purchase Cost (APPC) for the state of Punjab.The Commission has determined the ‘Pooled Cost of Purchase’ as Rs. 2.64 per Kwh for FY 2009-10 and Rs.2.69 per Kwh for FY 2010-11 respectively.
NLDC and Central Board of Irrigation and Power (CBIP) organized a day-long workshop on the REC mechanism in Delhi in June. Shri Pramode Deo, Chairman CERC was the key note speaker at the event. In his speech, he gave a preview of the significant changes expected in the Read more…
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