REC TRADE RESULTS MARCH 2017:
March trading results were far better than anticipated considering the recent CERC order on revised floor and forbearance prices. The March trade session remained a robust one. Total Non-solar demand was 8.88 lakhs (vs 10.4 L demand in February), and
NEW FORBEARANCE AND FLOOR PRICE FOR REC FRAMEWORK:
Summary: The Honorable CERC published the final order on revised price bands for RECs which will be valid from April 1, 2017 onwards. The new floor and forbearance prices are given below This represents a drastic reduction of 71% for Solar RECs, and
DETERMINATION OF FEE AND CHARGES PAYABLE UNDER REGULATION 12 OF THE CENTRAL ELECTRICITY REGULATORY COMMISSION (TERMS AND CONDITIONS FOR DEALING IN ENERGY SAVINGS CERTIFICATES) REGULATIONS, 2016:
In a recent order dated 24.03.2017, the apex electricity regulator CERC has finalised the fees and charges payable by the Designated consumers to the registry for the purpose of meeting the cost and expenses towards the management of registry and
FOR THE FIRST TIME, INDIA BECOMES A NET EXPORTER OF ELECTRICITY, SAYS POWER MINISTRY:
As per an article in the Times of India, the power ministry on 29th March, 2017 declared that India has now become a net exporter of power. Power export of about 5,498 million units was seen from April '16 -
CEA’S DRAFT NATIONAL ELECTRICITY PLAN
Central Electricity Authority (CEA) published the Draft National Electricity Plan (NEP). Following are some of the main features of the report: For the 12th plan (2013-2018), target capacity addition from renewable energy was set at 30,000 MW. However, in view of
APPROVAL OF PROCEDURES FOR TRANSACTIONS of ESCERTS:
The trading of ESCerts is going to start soon as CERC has come up with new regulations on ESCerts which facilitates their transition from one eligible entity to another. ESCerts come under the Perform, Achieve and Trade (PAT) scheme which
RPO COMPLIANCE TO DRIVE THE COUNTRY TOWARDS RENEWABLE ENERGY GROWTH:
In an article in the Economic Times, the importance of RPOs has been highlighted by saying that RPOs are the most important instruments towards achieving the lofty goal of installing 175 GW of renewable energy by 2022. Last year, the
THE COUNTRY SEES HIGH SAVINGS THANKS TO ENERGY SAVING SCHEMES:
An article in the Business Line quoted that savings of Rs 37,685 Cr have been brought about in the country because of BEEs (Bureau of Energy Efficiency) ‘Perform, achieve and trade PAT’ scheme. In the first cycle of the scheme,
SOLAR CAPACITY SET TO CROSS 20 GW IN THE NEXT 15 MONTHS, SAYS PIYUSH GOYAL:
As per Mr Piyush Goyal, India’s installed solar capacity is going to cross the 20 GW mark from the current 19 GW capacity by 2020. The reason for this estimated increase has been attributed to the fact that Make in
INDIA’S SOLAR CAPACITY CROSSES 10 GW:
As per the article in DNA India, the New and Renewable Energy Minister, Piyush Goyal, declared that India has crossed 10,000 MW of solar energy on the 12th of this month and has increased more than three times in the