REConnect Newsletter Volume 42 – OPEN ACCESS
Dear Reader, We are pleased to present Open Access Vol 42 - our monthly newsletter covering RECs and regulatory and market developments in the renewable energy space. Key points covered in this newsletter are: 1) Analysis of Karnataka's solar policy 2) Regulatory updates including
Revenue from sale of carbon credits not taxable
As per a recent ruling by Andhra Pradesh High Court, the revenue accrued on account of sale of carbon credits is "not taxable". The judgement came in a case between The commissioner of Income Tax, Hyderabad vs My Home Power
MoP at odds with proposal of Commerce Ministry on imposing solar duties
Power minister Mr. Piyush Goyal has reportedly given a statement which goes against the proposal of Ministry of Commerce to impose solar duties on imported equipments. An article in Bloomberg says that as per Mr. Goyal, solar duties will undermine
MPERC determines retail tariff for FY15
Madhya Pradesh Electricity Regulatory Commission (MPERC) through an order (dated 24th May 2014), has determined the retail tariff for FY 14- 15. The new tariff determined for FY15 is same as it was for FY14, The summary of
TN lifts ban on inter state open access
According to an article in Times of India (refer), Tamil Nadu has allowed consumers and generators in the state to procure and sell power from/to outside states. The directive comes in continuation to commitment given by Hon'ble CM of TN - that
APERC unveils wheeling, transmission & SLDC charges for FY15
The state regulator of AP has determined open access charges namely - wheeling, transmission and SLDC charges for 3rd control period (i.e. from FY15 to FY19). Wheeling Charges: The wheeling charges determined by APERC are different for all discoms. The wheeling charges
APERC determines tariff for biomass, bagasse power projects
Andhra Pradesh Electricity Regulatory Commission (APERC) through an order dated 16th May 2014, has determined the variable cost for existing Biomass, Bagasse, and Industrial waste based power projects in AP for the period 1st April 2014 to 31st March 2019. The
KERC hikes power tariff for FY15
Cost of buying electricity from DISCOMs has become costlier for the Commercial & Industrial consumers in the state of Karnataka. Karnataka Electricity Regulatory Commission (KERC) has approved a new tariff for supply of electricity in FY 2014-15. Average increase in
APERC to be reorganized soon
Following the mandate of the Andhra Pradesh Reorganization Act, 2014, the state of Telangana is set to be carved out of present day Andhra Pradesh. The Act was gazetted on 1st March 2014 and the bifurcation will be done on
Gujarat bans sourcing power from other states
Gujarat government has recently banned its state distribution companies from buying power from other states. These discoms will now have to procure power from state power generators. Power procurement from state power generators means industries will now have to shell out