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
REConnect Newsletter Volume 40 – OPEN ACCESS
Dear Reader, We are pleased to present Open Access Vol 40 - our monthly newsletter covering RECs and regulatory and market developments in the renewable energy space. Key points covered in this newsletter are: 1) Two important announcements - Infuse Ventures - a
Captive power plant of Bokaro Steel Plant is co-gen : Jharkhand ERC
In an order dated 24th March 2014, state electricity regulator of Jharkhand (JSERC) is of the view that the captive power plant of Bokaro Steel Plant (a unit of Steel Authority of India) can be regarded as a co-generation plant.
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
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
REConnect Newsletter Volume 39 – OPEN ACCESS
We are pleased to present the 39th Volume of “OPEN ACCESS” - our monthly newsletter on REC Mechanism. The present volume covers analysis on following main topics: Detailed analysis of the bidding under JNNSM Phase 2 by solar industry export Shri Gopal Somani Various regulatory updates including review of revised procedures
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