REC TRADE RESULTS SEPTEMBER 2017
Non-solar demand was significantly higher than in September 2016, and also higher than last month. In total 3.82 lakh RECs were traded (47.56% higher than September 2016, and 32% higher than in August 2017), and clearing ratios on IEX and
INDIA WITNESSES FIRST EVER TRADE OF ESCERTS
The first ever trading of energy saving certificates (ESerts) took place today. The demand of ESCerts in this trading session was expected to be much lower than the supply because of the following reasons: 1) All sectors except one have overachieved
GUVNL'S BIDDING FETCHES TARIFF OF Rs 2.65
In a bidding which took place on 19th September 2017 for a 500 MW solar plant of Gujarat Urja Vikas Nigam Ltd. (GUVNL), the lowest price determined was Rs 2.65 per unit. This was slightly higher than the price of
RERC DETERMINES FINAL FORECASTING AND SCHEDULING REGULATIONS
The Rajasthan Electricity Regulatory Commission (RERC), in an order dated 14/09/2017, has released final regulation on forecasting, scheduling and deviation settlement mechanism for solar and wind generation plants. With these regulations, Rajasthan has become the third state to have final
IEX’S ELECTRICITY PRICE IN DAY AHEAD MARKET REACHES NEW HIGH THIS MONTH
In the Day Ahead Market trading held by IEX (Indian Energy Exchange), the average tariff of electricity has been between Rs 3 to Rs 4 per unit. But within 12 days of September, the average tariff has gone up to
RRECL SUSPENDS APPROVAL OF PROJECTS UNDER REC MECHANISM IN THE STATE
The approval of all renewable energy projects under the REC mechanism has been suspended by the Rajasthan Renewable Energy Corporation Ltd (RRECL) in an order dated 4/09/2017. The order also states that no new RE projects under REC mechanism will be
INSOLVENCY PETITION FILED AGAINST TANGEDCO
Ind Bharath Group has filed an insolvency petition against TANGEDCO under the Insolvency and Bankruptcy code, 2016. This is due to the delay by TANGEDCO in the payment of dues of more than Rs 700 Cr. They claim that their
STATES IN INDIA BARRED FROM CANCELLING PPAS
The Government has barred the states in India from arbitrarily cancelling PPAs and has also imposed a penalty of 50% of the tariff. This notification has come after six states in the last two months have cancelled or renegotiated PPAs