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
IWPA suggests changes in the CERC – REC Regulations (Third Amendment)
According to a recent office memorandum by MNRE, the IWPA has suggested making a few amendments to the CERC REC Regulations (Third amendment) dated 30th December 2014. The amendment talks about the eligibility norms for the DISCOMs that have significantly
REC Trade Result – February 2020
RECs trading in February saw significantly high volume, driven by two factors - a) very high issuance of RECs (available RECs were 8.2 million this month compared to 2 million last month) and b) high demand as we approach the
OERC notifies changes to the RPO obligation for Captive Power Producers
Odisha Electricity Regulatory Commission (OERC) in a recent notification has made changes for the RPO obligation for Captive Power Producers (CPPs). Following a clarification made by the Ministry of Power in the tariff policy dated April 2018, which had mentioned
REC Trade Result – January 2020
The January trade continued the trend at high MCP of Rs 2,400 for solar RECs on both the exchanges while it also crossed the INR 2,000 trend for Non-solar on both IEX & PXIL almost after eight years. With the
UPERC asks DISCOM to deposit funds in RPO Regulatory Fund over non-compliance
Uttar Pradesh Electricity Regulatory Commission (UPERC) recently published an order asking UPPCL to deposit INR 737.11 crore by creating an RPO Regulatory Fund. UPPCL apparently has a backlog in their Renewable Purchase Obligation for FY 2010-11 to 2014-15 and FY
HPERC announces draft Renewable Power Purchase Obligation and its Compliance (Sixth Amendment) Regulations, 2019
The Himachal Electricity Regulatory Commission (HPERC) has recently announced its draft regulations for the RPO obligation and compliance following a clarification by Ministry of Power, on 01.02.2019 regarding the capping of RPO for Captive Power Plants (CPP) and stated that
Tamil Nadu Electricity Regulatory Commission announces draft amendment to its RPO Regulation, 2010
Tamil Nadu Electricity Regulatory Commission recently announced a draft amendment to its (Renewable Energy Purchase Obligations) 2010. The comments & suggestions are expected to be submitted by 21 November 2019. The principal regulations were announced in 2010 with amendments in
DERC penalizes state DISCOMs over RPO non-compliance
In a recent development, the Delhi Electricity Regulatory Commission has penalized the state discoms TYPDL, BRPDL, BYPDL for non-compliance of RPO obligations for consecutive three years i.e. FY 13-14, FY 14-15, FY 15-16. The combined order was published after petitions
REC trade result – June 2019
The June trade session saw an upward trend in both solar & non-solar. However, demand continued to exceed supply both in the case of solar & non-solar. Non-Solar: This session the RECs were traded at the price of INR 1555 at