REC Trade Result – April 2020
The April trade session saw the Non-solar clearing price maintaining a low profile at the floor price of INR 1,000 at both the exchange platforms. However, Solar Market Clearing Price (MCP) crashed to INR 2,000 on PXIL . This being
Union Government proposes electricity purchase from hydro-power mandatory for states
Fifth April 2020 saw a huge success for the power sector of India as the country went into a shutdown for 9-mins and POSOCO managed to maintain the stability of the grid and recovered from the sudden changes into the
CERC proposes draft floor & forbearance price for Solar & Non-solar RECs
The Central Electricity Regulatory Commission(CERC) recently issued a draft order regarding the revision of floor & forbearance price of the Renewable Energy Certificates (RECs). In line with the Electricity Act 2003 Renewable Purchase Obligation, RECs were introduced as tradable market instruments
MNRE allays concerns over Must-Run status and Payment uncertainties amid Covid-19
The Ministry Of New and Renewable Energy (MNRE) through its Office Order dated 1st April 2020 has issued a clarification on the working of renewable energy plants across the country amid the lockdown due to COVID-19. The development came in