MNRE favors REC markets for Solar Power
India's ministry of new and renewable energy (MNRE) is favoring REC markets for development of solar power. Eminent members of the ministry are of the view that solar REC markets will revive soon as they expect buyers jumping in. This
Delhi discoms likely to comply with RPO by purchase of RECs
Delhi discoms - BRPL, BYPL and TPDDL have all filed a petition to Delhi electricity regulatory commission (DERC) for approval of annual revenue requirement (ARR) of FY 2014-15. In terms of renewable energy resource capacity, Delhi is indeed poor as compared
Updates from 39th FOR meeting
The following are the key issues discussed w.r.t REC markets - The concept of REC multipliers for solar was endorsed in principal. It was also decided that a detailed note be prepared on the desirability and feasibility of merger of solar and
REC Trade Report – March 2014
We are pleased to bring the REC trade results and our analysis on REC trade session conducted on 26th March 2014. Following is a brief of the analysis: With this trade session, a 12-month long financial year FY 2013-14 comes to
Joint ERC proposes amendment to RPO regulations
JERC; the joint electricity regulatory commission for the state of Goa and UTs has recently proposed a draft to its principal RPO regulations of 2010. The main highlight of the amendment is the declaration of RPO targets from FY14-FY22. The
MERC asks BEST to meet shortfall in RPO by March 2014
Electricity Regulator of Maharashtra (MERC) on 6th March 2014 released 3 separate orders with regards to verification of RPO compliance of state discoms; namely Reliance Infrastructure Limited - Distribution (RIL-D), Tata Power Company - Distribution (TPC-D) and Brihan Mumbai Electric
Gujarat's first amendment to RPO regulations
Gujarat Electricity Regulatory Commission (GERC) on 4th March 2014 amended its principal RPO regulations of 2010. In these regulations, Gujarat set its RPO targets post FY13. The RPO set are from FY14 to FY17. Gujarat announced 10% of energy procurement to
Rajasthan proposes amendment to RPO regulations
Hon'ble Rajasthan Electricity Regulatory Commission (RERC) has recently proposed an amendment to its principal RPO regulations. Comments have been invited by all stakeholders no later than 18th March 2014. Link to the proposal - http://rerc.rajasthan.gov.in/cnpl/PDFs/REC.pdf These changes, if incorporated into the RPO
CERC notifies changes to REC procedures
CERC recently notified revised procedures for REC mechanism through an order dated 17th Feb 2014. Following are the changes: 1. REC registration applications a. Recommendation by SA for Registration of Project under REC Mechanism in the format prescribed to be furnished along
REC Trade Report – February 2014
We are pleased to bring the REC trade results and our analysis on REC trade session conducted on 26th February 2014. Following is a brief of the analysis: February 2014 was the second last trade session of Q4 for FY14. Clearing Ratios