REC Trading Report – October 2012
Non-solar RECs The prices remained at floor price this month (Rs.1500/REC at IEX and PXIL; this is the same in September) as supply has remained far in excess of demand. The total RECs available this month was 15 lakh out of
Tamil Nadu announces it Solar Policy
After Andhra Pradesh, Tamil Nadu also announced its Solar Policy last week . The policy aims to achieve an ambitious target of 3000 MW by 2015 in phased manner with capacity addition of 1500 MW from utility scale projects 350 MW
States fail in meeting their Renewable Purchase Obligation for 2011-12
Most discoms of different states have failed to meet their renewable purchase obligation for 2011-12. The reason being poor policy enforcement, lack of awareness and various questions raised by obligated entities on the applicability of RPO. This has affected the
MPERC refuses expemtion of Solar RPO
Recently MPERC held in an order that there will not be any relaxation and revision in fulfillment of Renewable Purchase Obligation (RPO) targets from solar energy sources for FY 2011-12 and 2012-13. The order is in response to the petition
Rajasthan High Court judgment will strengthen RPO enforcement
Rajasthan High Court Rules in Favour of RPO Regulations Rajasthan High Court dismissed an appeal by Hindustan Zinc Ltd. , Ambuja Cements Ltd., Grasim Industries Ltd. and 14 other companies that challenged RPO regulations enacted by the state regulator (Rajasthan Electricity
RECs markets face uncertaininty due to lack of enforcement: Businessworld
We have highlighted the problem with enforcement regularly. A recent article in Businessworld brings the issue center-stage. Jayant Deo, former MD and CEO of the Indian Energy Exchange (IEX) is quoted as saying: " [obligated] entities are getting away with non-compliance because
Delhi announces its final RPO regulation
The most awaited RPO regulations was finally announced by Delhi Electricity Regulatory Commission (DERC) for the capital region. Like RPO regulations of other states, DERC also came out with a similar one. The RPO regulation is applicable to: Distribution Licensee(s) operating in
Andhra Pradesh announces its Solar Policy
The government of Andhra Pradesh recently announced its State Solar Policy. The policy seems to be very attractive and will bring more solar developers into the state. The policy does not announce any feed in tariff or competitive bidding