REC market making green energy sector Go Green!
After successful completion of REC mechanism for one year several companies are planning to enter the green energy sector. In an article of DNA India, the success of emerging REC market is highlighted. The volume of RECs traded and their prices
CERC proposes norms to frame renewable energy tariff post 2012
Last month the Central Electricity Regulatory Commission (CERC) came out with a draft regulation proposing new norms for framing renewable energy tariff for next control period i.e from 2012 to 2017. CERC has assured long-term tariff visibility and alignment of
Proposal to charge RE generators for processing their applications in Chhattisgarh
Chhattisgarh Renewable Energy Development Authority ( CREDA ) and Chhattisgarh State Load Dispatch Centre have proposed the Chhattisgarh State Electricity Regulatory Commission ( CSERC ) for levy of fee for processing of applications for issuance of RECs. They have proposed
Solar developers in search of light under REC scheme
After one year of completion of REC mechanism solar developers are still looking for some ray of light to benefit from the scheme. Only one solar project got accredited till date. The project is of Jain Irrigation, has a capacity
Open Access in All States May Finally Become a Reality
An article in Business Standard mentioned that the Ministry of Power has issued an order to all state governments, power regulators and distribution utilities to implement the open access provisions of the Electricity Act, 2003. The article further states that "the
Review of REC Trading-November,2011
Unlike in October, the November REC trading session had few surprises. Prices increased marginally on IEX (From Rs 2,700 to Rs 2,900), while it fell on PXIL (from 3,000 to 2,800). Total volume sold increased from approximately 95,000 to
GEDA is Directed to Monitor RPO In Gujarat
The Gujarat Electricity Regulatory Commission (GERC) has directed the state nodal agency GEDA to the renewable power purchase obligation on regular basis and submit the report to the Commission quarterly basis. We believe this is an encouraging step, albeit a small
Power Tariffs Likely to Increase Signficantly: CERC
In recent days, power projects and tariff have made news in almost every newspaper. There have been reports of power projects being in trouble, state electricity board being denied loans by banks, and tariff increases. The article on tariff increase cites
Launching India's First Online RPO Calculator
We are pleased to present the online RPO calculator. Its a first of its kind tool in India (and possibly in the world!), and will help you plan and manage your RPO liability in a easy and effective manner. We developed
Asian Development Bank Proposes 'Fuel Security' Credits Markets
While the carbon markets are struggling due to policy uncertainty and recessionary prospects in Europe, the market based approach to tackling climate and other 'tragedy of the commons' type issues is gaining ground. REC is one such market. Earlier we had