Review of REC Trading-October 2011
The highlight of this trading session was the increase in volumes (95,504 RECs sold versus 46,362 last month) and price (Rs 2710/ REC*). The increase in cleared volume of 106% is significant, particularly as increase in volume offered for sale increased
Maharashtra Not to Allow Banking of Power to Renewable Generators
In another step back on the Open Access issue in Maharashtra, MSEDCL recently rolled back the banking provision for renewable energy generators opting for open access in the state. A recent circular released by MSEDCL has proposed new rules for banking
Power Exchanges Raise REC Trading Charges
IEX and PXIL have raised trading charges across most categories of power trading products. However, REC trading charges have only been revised by IEX. REC trading charges at IEX are now Rs 20/REC (up from Rs 10/REC). At PXIL, charges remain
First Solar Project Gets Accreditated
The first solar project got accredited under the REC Mechanism. The project is of Jain Irrigation, has a capacity of 8.5 MW and is located in Maharashtra. While this is a start, we believe that the momentum in the Solar REC
Renewable Energy Certificates needs market push
In an article of The Hindu Business Line the current scenario of the Renewable Energy Certificates market of the country and its upcoming challenges was highlighted. With an extra one-and-a-half paise added into accounts of people who put up renewable energy capacities such as windmills, biomass and solar plants is an attractive return, justifying their investments. However, for this to work, a key parallel activity is the development of a robust market for renewable energy certificates and here is where action is needed urgently now.
MP Proposes High Cross Subsidy Surcharge
After Maharashtra, it was the turn of MP to propose a high cross-subsidy surcharge. According to an approach paper released on the topic by MPERC, industrial consumers will have to pay upto Rs 1.53 per unit as cross-subsidy. This