REC Trading Report – July 2012
Demand fell off the cliff this month, mainly driven by enforcement concerns and expectations of price fall in the future (due to increasing supply). Aggregate demand reduced to 161,000 RECs from 350,000 last month (-54%). On the other hand, supply
RPO targets to be met at minimal cost: FOR
In a recent Bloomberg article, the Forum of Regulators (FOR) said that the Renewable Power Purchase target can be easily achieved by DISCOMs at a minimal cost. The study of top electricity regulators says that there will be enough capacity
REConnect's journey so far
A recent article of The Hindu Business Line covered the story how REConnect was formed and their entrepreneurial journey till now . Vishal Pandya and Vibhav Nuwal , Directors, REConnect Energy Solutions met through Linkedin, shared their ideas of
REC Trading Report – June 2012
REC trading for June was conducted today (June 27, 2012). Compared to last month, there were a few surprises: Supply exceeded demand for Non-Solar RECs for the first time since start of trading Demand for Solar RECs grew significantly Detailed analysis of Non-solar
Power Distribution Utilities to be rated by Ministry of Power
In an interesting article of The Hindu Business Line, a new rating methodology developed by the ministry of power was highlighted. In this methodology all utilities will be rated on the basis of their performance and their ability to sustain
Revision of Electricity Tariff in Karnataka for the year 2012-13
Karnataka Electricity Regulatory Commission (KERC) has ordered revision of electricity tariff for all the Electricity Supply Companies in the State for the Financial Year 2012-13 and will come into effect for the electricity consumed from the first meter reading date
DERC to mandate the use of Renewable Energy in Delhi by 2%
To encourage the use of renewable energy in New Delhi, DERC is ready to announce a 2% RPO for the Discoms in New Delhi. DERC is revising the domestic tariff for the financial year 2012-13 . In a recent article
MPERC rejects petition to reduce Solar RPO
In a recent petition filed by MP power trading Co.Ltd , Jabalpur requesting MPERC to waive the renewable purchase obligation targets for Solar energy for FY 2011-12 and FY 2012-13. The petitioner stated that no solar power plant has been
MP amends RPO regulation to include Co-gen as renewable energy
In our recent newsletter (Vol 19), we had mentioned the following: Madhya Pradesh recently proposed an amendment to its RPO regulations. The amendment proposes to substitute “Co-generation from Renewable Sources of electricity” with the word “Co-generation” in various sections of the
Punjab roll-forwards RPO to next year
PSPCL recently petitioned the Punjab Electricity Regulatory Commission to amend its RPO from 2.4% (including 0.03% solar) to 1.65%. This is inline with the extent of RPO achieved in the state (1.67% non-solar and 0.0075% solar). The reasoning behind the