REConnect Newsletter Volume 37 – OPEN ACCESS
We are pleased to present the 37th Volume of “OPEN ACCESS” - our monthly newsletter on REC Mechanism. The present volume covers analysis on following main topics: Recent steps taken by Tamil Nadu, Maharashtra & Delhi towards small scale solar projects. MERC order on solar RPO for Tata Power Company -
REC Trading Report – May 2013
The second REC trade session of FY 2013-14 (May-13) continued to remain dry in terms of buy side participation. Clearance ratios for Non-Solar RECs remained in single digit and prices softened in Solar RECs. Following are the highlights: Non Solar RECs Market clearing
Proposal for benchmark capital cost of Solar PV projects for FY13-14
Central Electricity Regulatory Commission(CERC) recently announced the new benchmark prices for the Solar Projects (PV & Thermal) for the year 2013-14. For Solar PV projects it will be Rs.8 crore/MW (-20% from 2012-13) and for Solar Thermal projects it will
REC Trading Report – October 2012
Non-solar RECs The prices remained at floor price this month (Rs.1500/REC at IEX and PXIL; this is the same in September) as supply has remained far in excess of demand. The total RECs available this month was 15 lakh out of
REC Trading Report – September 2012
Non-solar RECs Prices remained at floor price this month as supply has remained far in excess of demand. The over-supply situation has persisted for the last few months – this month 7.11 lakh RECs were bid for sale (up 13% from
REC Trading Report – August 2012
Prices crashed to Rs 1,500 on IEX and Rs 1,555 on PXIL; a fall of 25% and 29% respectively over last month. This price fall was driven by a significant over-supply situation – close to 6.27 lakh RECs (33% increase
REC Trading Report – July 2012
Demand fell off the cliff this month, mainly driven by enforcement concerns and expectations of price fall in the future (due to increasing supply). Aggregate demand reduced to 161,000 RECs from 350,000 last month (-54%). On the other hand, supply
First Solar RECs Issued to M&B Switchgear; Expected to Trade in May
M&B Switchgear Ltd, which owns and operates a 2 MW solar PV plant in MP was issued 249 Solar RECs today. This is the very first issuance of Solar RECs in India. These Solar RECs are expected to be traded
REC Trading Report-April 2012
Today’s trading session was the first of the new compliance year (2012-13). Both volume and price expectations were low, given that there is no real pressure on the obligated entities to buy this early in the year. Considering that, both
REC Trading Report – March 2012
Today’s was the last trading session for the year before the end of the compliance period. The market expected significant demand and high prices as this was the last opportunity to comply. However, contrary to expectation demand fell sharply this