BERC penalizes state DISCOMs over unfulfillment of RPO obligations
In a recent petition filed by BSPHCL on behalf of NBPDCL & SBPDCL, seeking approval for deviation to fulfill the obligation of RPO for FY 2018-19, the commission has rejected the plea and has not allowed the discoms to carry
REC trade result – April 2019
The April trade session saw a significant decrease in traded volume, most likely due to this being the first trading session of FY 2019-20. However, since demand continues to exceed supply, prices remained firm. Non-Solar: This session the RECs were
RE companies move to the high court requesting exemption from GST on RECs
Renewable Power companies have moved to the Delhi High Court requesting an exemption from Goods & Service Tax on the REC certificates. Currently, there is a GST rate of 12% applied to Renewable Energy Certificates. The Delhi Court had issued
Cabinet approves inclusion of Large Hydro Power as Renewable Energy
In a recent development, the union cabinet chaired by the Prime Minister approved to promote hydropower sector which includes large hydropower projects (HPO) as a part of the non-solar Renewable Purchase Obligation (RPO). India is endowed with large hydropower potential
REC Trade Result – February 2019
February’s trade session saw an increase in the price trend similar to the previous sessions. The demand for both solar & non-solar remained consistent and the supply also increased. The highlight of this month’s trade was that solar crossed the
RERC announces draft REC regulations (third amendment) 2019
td{width: 50%; text-wrap: justify; height: 20px;} tr{vertical-align: top;} RERC announces draft REC regulations (third amendment) 2019 Rajasthan Electricity Regulatory Commission recently announced the draft Renewable Energy Certificate (REC) & Renewable Purchase Obligation (RPO) regulations 2019 (third amendment). The amendments are stated
REC trade result – January 2019
The price increase trends of the last few months continued in January as well. The demand for both solar & non-solar remained consistent while the supply remained limited. The highlight of this month’s trade was that solar crossed the price
REC trade result – December 2018
The december trading session saw a good price discovery for both solar & non-solar RECs. The market saw a significant price hike in solar as compared to last month. The demand for both solar & non-solar remained consistent while the
REC trade results July 2018
Non-solar: Non-solar RECs prices continue to rise on the back of robust demand and limited availability. The RECs were traded at the price of INR 1050 at PXIL ( 5% above the floor price) and INR 1200 at IEX (20%
Ministry of Power announces renewed RPO trajectory for long-term
Ministry of Power (MoP) recently announced an order for long-term growth trajectory of Renewable Purchase Obligation (RPO) for solar and Non-solar for a period of three years i.e. 2019-20 to 2021-2022. In order to achieve the target of 175 GW