REC Trading Report – September 2013
Renewable energy credit trading in September’13 seemed to keep the investors in the mechanism, interested. Demand of both type of RECs i.e. solar as well as non-solar, was observed to be better than last month. Total RECs available in the
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
REC Trading Report – April 2013
Non Solar RECs As April is the first month of the compliance year FY 13-14 a low demand situation was expected in this month’s trading session. Out of 18.9 lakh RECs which were put for sale only 44,459 RECs were purchased
First amendment to Chhattisgarh’s REC RPO regulations
Chhattisgarh State Electricity Regulatory Commission (CSERC) recently brought an amendment to their RPO –REC regulations . The amendment mainly highlights the issue raised by obligated entities where there is an excess purchase of renewable energy/renewable energy certificates. They have requested
REC Trading Report – February 2013
Non-solar RECs Demand decreased to 153,000 RECs (down 21% from Jan 2013) this trading session. The compliance period for this financial year will end in March 2013, leaving only one more trading session to go. Given that, the overall demand remains
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
MNRE proposes amendment in Electricity Act to strengthen RPO
According to a report in the Business Standard, at a Solar Energy summit in Mumbai, Mr. Tarun Kapoor, Joint Secretary, Ministry of New and Renewable Energy said," We have realised that some private companies and state discoms are not complying
States fail in meeting their Renewable Purchase Obligation for 2011-12
Most discoms of different states have failed to meet their renewable purchase obligation for 2011-12. The reason being poor policy enforcement, lack of awareness and various questions raised by obligated entities on the applicability of RPO. This has affected the
Rajasthan High Court judgment will strengthen RPO enforcement
Rajasthan High Court Rules in Favour of RPO Regulations Rajasthan High Court dismissed an appeal by Hindustan Zinc Ltd. , Ambuja Cements Ltd., Grasim Industries Ltd. and 14 other companies that challenged RPO regulations enacted by the state regulator (Rajasthan Electricity
RECs markets face uncertaininty due to lack of enforcement: Businessworld
We have highlighted the problem with enforcement regularly. A recent article in Businessworld brings the issue center-stage. Jayant Deo, former MD and CEO of the Indian Energy Exchange (IEX) is quoted as saying: " [obligated] entities are getting away with non-compliance because