REC TRADE RESULTS OCTOBER 2017
Non-solar demand was significantly higher than in October 2016, and also higher than last month. In total 4.87 lakh RECs were traded (90.78% higher than October 2016, and 27.51% higher than in September 2017), and clearing ratios on IEX and
VALIDITY OF RECS WHICH WERE ABOUT TO GET EXPIRED BETWEEN OCTOBER '17 AND MARCH '18 GETS EXTENDED BY SIX MONTHS
The Central Electricity Regulatory Commission (CERC) has in its order dated 29/08/2017, declared that those Renewable Energy Certificates (RECs) which were expiring between 1st October 2017 and 31st March 2018 are now going to remain valid till 31st March 2018.
REC TRADE RESULTS SEPTEMBER 2017
Non-solar demand was significantly higher than in September 2016, and also higher than last month. In total 3.82 lakh RECs were traded (47.56% higher than September 2016, and 32% higher than in August 2017), and clearing ratios on IEX and
REC TRADE RESULT AUGUST 2017
Supreme Court allowed conditional trading of Non-solar RECs in an order dated July 14, 2017 . Demand was expected to be low for two reasons - 1) obligated entities are required to pay at old RECs rate (Rs 1500/ REC);
REC TRADE RESULT JULY 2017
Supreme Court allowed conditional trading of Non-solar RECs on July 14, 2017 (our blog on the same can be accessed here). Demand was expected to be low for two reasons - 1) obligated entities are required to pay at old
SUPREME COURT ALLOWS CONDITIONAL TRADING FOR NON SOLAR RECs
The matter of CERC’s order on new RECs pricing and the stay granted by the SC on trading, another hearing was held in Supreme Court on 14th July 2017. Main highlights of the Order: An Intervention appeal was filed requesting obligated entities
SUPREME COURT ORDERS STAY ON REC TRADING
After the Central Electricity Regulatory Commission’s (CERC) order dated 30th March 2017 on reduction of prices for RECs, many REC-generating companies had filed petitions stating that they had incurred a loss as vintage multiplier was not provided. They had first
REC TRADE RESULTS APRIL 2017
Being the first trade session of the financial year 2017-18, the April trade session was a robust one. Total Non-solar demand was 5.37 lakhs (vs 8.8 L demand in March), and clearing ratios on IEX and PXIL were 4.56% and
REC TRADE RESULTS MARCH 2017:
March trading results were far better than anticipated considering the recent CERC order on revised floor and forbearance prices. The March trade session remained a robust one. Total Non-solar demand was 8.88 lakhs (vs 10.4 L demand in February), and
REC Trade Results February 2017
The Feb trade session remained a robust one, following the record setting session in January. Total Non-solar demand was 10.4 lakhs (vs 15.2 L demand in January), and clearing ratios on IEX and PXIL were 8.7 and 6.2% respectively. On