Power Exchanges Raise REC Trading Charges
IEX and PXIL have raised trading charges across most categories of power trading products. However, REC trading charges have only been revised by IEX. REC trading charges at IEX are now Rs 20/REC (up from Rs 10/REC). At PXIL, charges remain
First Solar Project Gets Accreditated
The first solar project got accredited under the REC Mechanism. The project is of Jain Irrigation, has a capacity of 8.5 MW and is located in Maharashtra. While this is a start, we believe that the momentum in the Solar REC
Renewable Energy Certificates needs market push
In an article of The Hindu Business Line the current scenario of the Renewable Energy Certificates market of the country and its upcoming challenges was highlighted. With an extra one-and-a-half paise added into accounts of people who put up renewable energy capacities such as windmills, biomass and solar plants is an attractive return, justifying their investments. However, for this to work, a key parallel activity is the development of a robust market for renewable energy certificates and here is where action is needed urgently now.
MP Proposes High Cross Subsidy Surcharge
After Maharashtra, it was the turn of MP to propose a high cross-subsidy surcharge. According to an approach paper released on the topic by MPERC, industrial consumers will have to pay upto Rs 1.53 per unit as cross-subsidy. This
Review of REC Trading-September 2011
Trade session this month again brought a pleasant surprise for sellers with REC prices rising to Rs.2300/REC about 30% w.r.t last month.As the second quarter ended, buyers might have tried to secure RECs and limit their liabilities against future price
Maharashtra Cross-Subsidy Declared
The ongoing cross-subsidy issue in Maharashtra, which was also the subject of a Supreme Court judgement recently, seems to have been resolved. MERC came out with an order on the subject on September 9. The highlights are: Cross-subsidy (CSS) has been determined as
Himachal Pradesh RPO regulation's first amendment
Honorable Himachal Pradesh Electricity Regulatory Commission (HPERC) declared its Renewable Power Purchase Obligation regulation's first amendment. Following are the key highlights of the regulation: Previously the RPPO was defined till financial year 2011-13, now they have changed and declared the new RPPO
CERC Declares New REC Floor and Forbearance Price for FY 2012-2017
Honorable Central Electricity Regulatory Commission (CERC) has declared new floor and forbearance price for REC (Solar and Non Solar) for the control period of FY 2012-2017 (the order is available here). The Commission has considered the comments of the stakeholders
Delhi Draft RPO Published
Delhi published its draft RPO regulation recently. The highlights are: 2% RPO in first year, increasing to 3.4% next year and going up to 9% by 2016-17 Obligation is on Distribution Licensees, Captive Consumers (>5MW capacity and using conventional sources of energy)
TNERC's Regulation on REC/RPO
Honorable Tamil Nadu Electricity Regulatory Commission (TNERC) declared its much awaited RPO/REC amendment regulation. Following are the key highlights of the regulation: RPO Reduced from 14% to 9% (8.95 Non-Solar + 0.05% Solar) for FY 2011-12 Eligibility Criteria for RE CPP as per