REC Trade Results – May 2018
In both Solar and Non-solar RECs, demand was robust, considering that this was only the second trading session of the new financial year. Analysis of Trading: Non-Solar – Non-solar RECs inventory was not completely exhausted in the May 2018 trading session (15,51,691
Creation of an RPO compliance cell, MNRE declares in its order
According to a recent order by Ministry of New and Renewable Energy (MNRE) dated 22 May 2018, a creation of Renewable Purchase Obligation (RPO) Compliance cell is in process. This cell will be handling all the matters related to RPO
BESCOM proposes incentive scheme to bring back HT consumers in the new tariff order 2018-’19
BESCOM announced its new tariff order for FY 2018-2019. New points introduced in the order include providing incentives to the HT consumers, for them to return back to state DISCOMs and not purchase power via Open Access. Since HT consumers have
CERC gives a positive nod to extend the validity on RECs
CERC recently announced in its order dated 15th May 2018 that the RECs will be valid till 30th October 2018, which were otherwise expired/likely to be expired between 1st April 2018 and 15th October 2018. The commission declared this in accordance
National hybrid wind and solar policy announced by MNRE
Ministry of New and Renewable Energy (MNRE) announced the National Wind-Solar Hybrid policy in a press release on 14th May 2018. The objective behind this is to provide a framework for promoting large grid-connected wind and solar PV hybrid system
SUBSIDIES IN THE RE SECTOR
Encouraging RE installation in the state, till now, the country’s policies have provided various benefits in the form of subsidies, generation based incentives, viability gap funding, etc.As the installed capacity of solar and wind energy has been increasing consistently, the
MAJOR REFORMS EXPECTED IN THE ENERGY SECTOR, SAYS POWER MINISTER
In an article in Financial Express, the power minister, Mr RK Singh, declared that huge reforms are to be expected in the power sector in the near future. Few of such reforms mentioned were PPAs for all the electricity requirement being
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
THE NATIONAL CLEAN ENERGY FUND GETS DIVERTED TO COMPENSATE FOR GST
The government of India assigns dedicated funds which is linked to specific cess. This kind of cess One such fund is the National Clean Energy and Environment Fund. In a recent move, there was a diversion of the funds collected
POSOCO-IMD WEATHER PORTAL AND WEB PORTAL "MERIT" LAUNCHED
The Ministry of New and Renewable Energy (MNRE), in collaboration with IMD and POSOCO has launched a weather portal for the power sector. This portal will help in predicting extreme weather events such as heat waves and floods which will