Redesigning REC Mechanism – A review on discussion paper by MoP
Recently the Ministry of Power came up with a Discussion Paper on redesigning the “Renewable Energy Certificate (REC) Mechanism”, which is open for public consultation till 25th June 2021. There are some sweeping changes proposed to the existing REC mechanism. The
Ministry of Power introduces Hydro power purchase obligation
With the objective to add 30,000 MW of hydropower capacity by the year 2029-2030, the Ministry of power(MoP) has announced a revised trajectory of RPO. Under the new trajectory, MoP introduces the Hydro power purchase obligation(HPO) considering the Large Hydro power
Chhattisgarh amends the RPO regulation for Captive Generating Plants
Chhattisgarh State Electricity Regulatory Commission (CSERC), in a recent announcement, amends the RPO target for Captive generating plants(CGPs) under CSERC(Renewable Purchase Obligation and REC Framework Implementation) (First Amendment) Regulations, 2020. Key points of the regulation are as follows: For Captive users,
Karnataka further extends renewable purchase obligation timeline for FY 2020
In a recent announcement, Karnataka Electricity Regulatory Commission(KERC) further extended the timeline for compliance of Renewable purchase obligation(RPO) for FY 2020. According to the order published on 24th August, 2020, the obligated entities as defined in the principal regulations i.e.
REC Trade Result – June 2020
The June trade session saw the Non-solar clearing price maintaining a low profile at the floor price of INR 1,000 at both the exchange platforms. However, Solar Market Clearing Price (MCP) crashed to INR 1,010 on PXIL and INR 1000
REC Trade Result – May 2020
The May trade session saw the Non-solar clearing price maintaining a low profile at the floor price of INR 1,000 (Since March 2020, consecutively for the second month, the non-solar clearing price are at the floor price) at both the
Karnataka extends Renewable Purchase Obligation timeline for Obligated Entities
In a recent announcement, the Karnataka Electricity Regulatory Commission gave an extension to the obligated entities under the Renewable Purchase Obligation (RPO) mechanism to fulfill their obligations. According to the order published on 13th May 2020, the obligated entities as
Chhattisgarh amends RPO targets for Captive Power Producers
Chhattisgarh State Electricity Regulatory Commission (CSERC) recently published an order stating amendments to the Renewable Purchase Obligation and REC framework Implementation Regulations, 2016. The amendment in light came into existence after a petition was made to the Commission requesting to
Punjab Government proposes reduction in the RPO compliance for FY 2019-20 and FY 2020-21
As the country fights an unprecedented crisis, the Punjab Government recently took some steps to give some relief to the medium & large scale industries. Due to the mandatory lock down in these industries, the state government issued an order
CERC proposes draft floor & forbearance price for Solar & Non-solar RECs
The Central Electricity Regulatory Commission(CERC) recently issued a draft order regarding the revision of floor & forbearance price of the Renewable Energy Certificates (RECs). In line with the Electricity Act 2003 Renewable Purchase Obligation, RECs were introduced as tradable market instruments