Non-Solar REC

Jharkhand Draft RPO Regulation

The Jharkhand State Electricity Regulatory Commission (JSERC) in a recent notification has proposes its RPO (Renewable Purchase Obligation) and its compliance regulations 2016. The regulations will come into force from the date of its publication in the Jharkhand gazette and shall remain in force upto 31st March 2020. RPO applicable Read more…

By Team REConnect, ago
REC Trading

REC Trade Results October 2015

The demand response for REC’s saw good momentum in the October’s trading session. The total no. of Non Solar REC’s and Solar REC’s traded in this month were 13% and 28% higher than the trading session of September. The total transaction value of REC’s hit a sum total of 365 Million INR with over 2.25 Lacs Read more…

By Team REConnect, ago
Renewable Portfolio Obligation (RPO)

Wind Associations take weak RPO enforcement issue to APTEL

In the wake of the recent fear for a complete market failure of the Renewable Energy Certificate Markets in India, prominent wind power associations have knocked the doors of Appellate Tribunal for Electricity (APTEL) against various state and central electricity regulatory commissions. Indian Wind Energy Association and the Indian Wind Turbine Manufacturers Association, submitted a petition against regulatory commissions in the APTEL for weak enforcement of renewable purchase obligations (RPO), which was admitted by the APTEL.

REC mechanism which is the only scheme presently available for Wind power investors to offset their additional cost of generating green power, after withdrawal of the GBI scheme and the AD benefit has come to the verge of a total collapse. A mechanism which was proposed to encourage the growth of renewable energy in the total energy mix of the nation has failed to draw enough buyers in the recent trade sessions. January 2013 trading session witnessed a total volume cleared of mere 1,93,337 RECs leaving an inventory of 17.8 lakh RECs (for detailed REConnect's Analysis refer).

According to an article in Business line (refer) , the petition read as – “ Such non-compliance is continuing with the silent approval of various State Commissions, at the cost of the renewable energy generators. The petitioners fear that such non-compliance, if permitted to go unchecked, may ultimately lead in the failure of the renewable energy certificate market,” With just over a month left before the current financial year coming to an end, market sentiments rely heavily on the much awaited push from the government to revive the mechanism. (more…)

By Team REConnect, ago