REC Trading Report – May 2013
The second REC trade session of FY 2013-14 (May-13) continued to remain dry in terms of buy side participation. Clearance ratios for Non-Solar RECs remained in single digit and prices softened in Solar RECs. Following are the highlights: Non Solar RECs Market clearing
Hydro Power – not renewable yet
Owing to sluggish capacity addition of hydro power projects in the country, the hydro sub group recently had recommended power ministry to declare all hydro power projects as renewable, which the later refuted. Currently only those projects, having an installed capacity
IWPA knocks GoI to reinstate Accelerated Depreciation
Indian wind power association (IWPA) has issued a press release urging Government of India to restore the benefits of Accelerated Depreciation (AD) to wind power producers, which was surprisingly withdrawn in April 2012. IWPA on behalf of small and medium
UERC finalizes retail tariff revision for FY14
Uttarakhand has been the latest state to revise its tariff for its different category of consumers (preceded by AP, MP, HP, Karnataka and Kerala). According to media reports, the tariff revision has come as a sigh of relief given
HP proposes to reduce its APPC
HP state electricity board has proposed to reduce the current APPC ( Average pooled cost of power purchase ) of Rs. 2.20 per unit to Rs. 1.98 per unit, i.e. a reduction of APPC by flat 10 %. HPSEBL
An Article on "Social Entrepreneurship" by Bruce
Mr. Bruce Usher, who happens to be on REConnect's Board of Advisors has recently published an article in the prestigious ' Financial Times '. The article focuses on how social entrepreneurship is widely becoming a herald of social change
Power Bills to shoot up in Kerala, Karnataka and HP
After a recent power tariff hike by the states of Madhya Pradesh and Andhra Pradesh, it was now time for ERCs of Kerala, Karnataka and HP to come to the rescue of their respective DISCOMs. Time has come when poor
RPO Status of India
Greenpeace International, in a report published recently assessed the RPO ( Renewable Purchase Obligation) status and highlighted the defaulters and leaders among Indian States. According to the report, 20 states out of 29 states in India have defaulted for RPO compliance
Status Quo for co-generators
In a key judgement pronounced by Hon'ble APTEL on 17th April 2013 condonation of delay was not granted. The issue relates to a case filed by GERC against Century Rayon/MERC for the order passed by tribunal on keeping co-generation plant