REC Trading Report – August 2013
Market continued to perform poorly as prices remained at floor for both non solar and solar RECs. There were major pronouncements this month on the RPO front which includes one of the most industrialized like Maharashtra, coming with a stern compliance
“Hydro Purchase Obligation” may be a reality
The power minister in a statement has given signs that hydro purchase obligation may be a reality as the minister said that the provision is being considered. The idea broke out first when the hydro sub-group had recommended the Power
REC Trading Report – July 2013
REC Trading on 31st July 2013 continued to follow the lackluster market scenario. Both non-solar credits (for 11th consecutive month) and solar credits (for 2nd consecutive time) traded at respective floor prices. As per the REC Registry, out of total
CERC’s 2nd amendment to REC Regulations
Hon’ble CERC through a notification dated 10th July 2013 has come up with its 2nd amendment to its principal REC regulations of 2010. The following are the main highlights: On the issue of RE contracted though competitive bidding, the commission has
APERC order on APPPC FY13
The state of Andhra Pradesh has finally got its awaited “average pooled power purchase cost” in an order dated 29.06.2013 released by Hon’ble APERC. as Rs. 2.69 per unit. Although, the same is for FY 2012-13. Before determining the final
Karnataka APPC for FY14
Hon’ble commission through a gazette copy dated 21.06.2013 has come up with a new Average Pooled Purchase Cost (APPC) rate of 3.07 Rs. per unit. This APPC rate is for a period starting from 01.04.2013 – 31.03.2014. An interim APPC rate for
REC Trading Report – June 2013
“Precarious” is the word which best defines the REC trading sessions in India hitherto. June 2013 trading session continued its genealogy. Weak enforcement of RPO and falling demand for solar RECs has resulted in trading of both credits i.e Non
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
Hydro Power – not renewable yet
Owing to sluggish capacity addition of hydro power projects in the country, the hydro sub group recently had recommended power ministry to declare all hydro power projects as renewable, which the later refuted. Currently only those projects, having an installed capacity
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