CERC Proposes Drastic Changes in the REC Mechanism
In a recent announcement, CERC (Central Electricity Regulatory Commission) published the draft Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022. Comments are due by 15th March 2022. Key Changes provisioned in the
Analysis of RECs trading – Jan 27, 2022 session
RECs trading took place today on both the exchange platforms (ie. IEX & PXIL). The January trade session again saw significant volume, with RECs worth Rs 182 crores being transacted. Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC at IEX
Analysis of RECs trading – Dec 29, 2021 session
RECs trading took place today on both the exchange platforms(ie. IEX & PXIL). The December trade session saw significant volume, with RECs worth Rs 245 crores being transacted. Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC at IEX (floor price)
Flexibility in generation and scheduling of thermal/hydro power through bundling with RE and Storage Power – Scheme proposed by MoP
The Ministry of Power (MoP), recently came up with the scheme that allows the flexibility in generation and scheduling of thermal/hydro power stations through bundling with renewable energy and storage power. Earlier on 5th April 2018, MoP had introduced a
Analysis of RECs trading – Nov 24, 2021 session
RECs trading resumed yesterday, after an order from ApTel reversed the price reduction by CERC. Trading was put on hold in July 2020. The November trade session saw significant volume, with RECs worth Rs 383 crores being transacted. Non-Solar: Non-Solar RECs traded
ApTEL sets aside CERC order on REC Price revision | RECs trading likely to start soon
In an important advancement, ApTEL has delivered its judgment on the matter of REC today. According to the order of ApTEL dated 11.09.2021, they set aside the order dated 17.06.2020 passed in Petition no. 05/SM/2020, by the Central Electricity Regulatory
ESCerts Trade Summary – Session 2 (02/11/21)
Second ESCerts trading session for PAT Cycle II(2016-2019) took place yesterday on both the exchange platform i.e. IEX and PXIL. Total demand on IEX was 3,18,235 ESCerts against a total supply of 13,66,279 ESCerts. Market Clearance price was determined at Rs.250/ESCerts
ESCerts Trade Summary – Session 1 (26/10/21)
First ESCerts trading session for PAT Cycle II(2016-2019) took place yesterday on both the exchange platform i.e. IEX and PXIL. Since this was the first session of PAT cycle II, there were a lot of uncertainties with respect to price and
Power Minister approves Revamped REC Mechanism
On 29 September’21 , the Union Minister of Power and New & Renewable Energy has given his assent to the amendments in the existing Renewable Energy Certificate (REC) mechanism. In order to align with the emerging changes in the power sector
Study on the Status of Renewable Energy in india carried out by REConnect Energy published in IndiaSpend
Study carried out by Ms. Suyesha Som and Mr. Vibhav Nuwal from REConnect Energy on the status of renewable energy in India and how India is faring in comparison to other countries is published in IndiaSpend. To read the articles, Click