Analysis of the 5th Amendment to REC Regulations
Background: Recently, CERC proposed the 5th amendment to REC regulations. The gist of proposed changes is: Captive generators and portion of power for self-consumption will no longer be eligible for RECs If an open access (OA) project avails concessional wheeling, banking or cross-subsidy
REC Trade Results – June 2015
The June trade session remained below expectations compared to May’15 month performance. However, if we compare the performance with Jun’14, the response was still far better. After the announcement of an important judgment by Supreme Court, the market looks upbeat and
Analysis of Supreme Court Judgment on Applicability of Renewable Purchase Obligations
On May 13, 2015 the Supreme Court pronounced a landmark judgment on the applicability of Renewable Purchase Obligations (RPO) regulations. The case in question is Hindustan Zinc vs Rajasthan Electricity Regulatory Commission (RERC). Background In August 2012, the Rajasthan High Court had
ApTel directs SERCs to comply with RPO regulations
The Appelate Tribunal (ApTel) gave its judgment in a petition filed by various association asking the Aptel to give directions to the State Electricity Regulatory Commissions (SERCs) to comply with RPO regulations. The order is likely to make the routine carry
ApTel order on waiver of RPO by GERC
In its order pertaining to FY 2012-13, GERC had waived or exempted obligated entities from RPO. In doing so, GERC has ignored the availability of RECs, and also reduced RPO differentially for each obligated entity, to the extent met by
Analysis of Amendments Proposed in the National Tariff Policy
The Ministry of Power has proposed several changes to the National Tariff Policy. Some changes are significant, like the proposal to substantially increase solar RPO (from 3% by 2022 to 8% by 2019), to remove inter-state transmission charges on RE
MERC relaxes RPO compliance for BEST
MERC had notified the Maharashtra Electricity Regulatory Commission (Renewable Purchase Obligation, its Compliance and Implementation of Renewable Energy Certificate Framework) Regulations, 2010 (‘RPO-REC Regulations’) on 7 June, 2010. As per this regulation, following are the RPO targets for all obligated
Rec Trade Results March 2015
We are pleased to share the Result of REC trading for the month of March-15. Solar RECs – Overall market clearance remained optimistic this time, with good demand at PXIL and overall good clearance at both the exchanges. Demand rose from
REC Trade Results – January 2015
We are pleased to share the Result of REC trading for the month of JAN-15. Solar RECs - Overall market clearance remained low at PXIL in Solar whereas IEX reflected a good clearance ratio in Solar Market. Steep hike in demand
CERC: REC Regulation 3rd Amendment
We are pleased to inform that Hon'ble CERC has finalized a much awaited 3rd Amendment on REC Mechanism. The Central Commission has laid out following changes through this legislation/order: REC Regulation (3rd Amendment) | Order on Vintage Multipler | Statement of