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
WIND TARIFF HITS A NEW LOW
In an auction held yesterday in Tamil Nadu by TANGEDCO, the latest tariff which has been determined is Rs 3.42 per unit. This is lower than the tariff determined in the auction held in February and below the tariff determined
REC TRADE RESULT AUGUST 2017
Supreme Court allowed conditional trading of Non-solar RECs in an order dated July 14, 2017 . Demand was expected to be low for two reasons - 1) obligated entities are required to pay at old RECs rate (Rs 1500/ REC);
TSERC DETERMINES RETAIL TARIFF FOR FY 2017-18
The Telangana State Electricity Regulatory Commission (TSERC) has determined its retail tariff in an order dated 26/08/2017 for FY 2017-18. The tariff has been determined as follows: The change in tariff from in the past 3 years can be understood with
UDAY SCHEME BRINGS BENEFITS TO DISCOMS
The Ujwal DISCOM Assurance Yojna (UDAY) scheme was launched in November 2015 by the Ministry of Power (MoP) and the Government of India (GoI). Since then, there has been significant improvement in the debts of the DISCOMs. The participating states have
DERC NOTIFIES RPO REGULATION
The DERC has released draft RPO regulations in an order dated 28/07/2017. Following are the salient features of the regulation: RPO Compliance: Aggregate from the gross purchases from generating stations by Obligated entities shall be considered as the quantum of RE purchase