REC Trade Report – March 2014
We are pleased to bring the REC trade results and our analysis on REC trade session conducted on 26th March 2014. Following is a brief of the analysis: With this trade session, a 12-month long financial year FY 2013-14 comes to
Joint ERC proposes amendment to RPO regulations
JERC; the joint electricity regulatory commission for the state of Goa and UTs has recently proposed a draft to its principal RPO regulations of 2010. The main highlight of the amendment is the declaration of RPO targets from FY14-FY22. The
MERC asks BEST to meet shortfall in RPO by March 2014
Electricity Regulator of Maharashtra (MERC) on 6th March 2014 released 3 separate orders with regards to verification of RPO compliance of state discoms; namely Reliance Infrastructure Limited - Distribution (RIL-D), Tata Power Company - Distribution (TPC-D) and Brihan Mumbai Electric
Gujarat's first amendment to RPO regulations
Gujarat Electricity Regulatory Commission (GERC) on 4th March 2014 amended its principal RPO regulations of 2010. In these regulations, Gujarat set its RPO targets post FY13. The RPO set are from FY14 to FY17. Gujarat announced 10% of energy procurement to
REConnect Newsletter Volume 39 – OPEN ACCESS
We are pleased to present the 39th Volume of “OPEN ACCESS” - our monthly newsletter on REC Mechanism. The present volume covers analysis on following main topics: Detailed analysis of the bidding under JNNSM Phase 2 by solar industry export Shri Gopal Somani Various regulatory updates including review of revised procedures
Govt. pushes for stronger RPO enforcements
The Ministry of New & Renewable Energy (MNRE) has written to Ministry of Power (MoP) to include stronger enforcement provisions in the Electricity Act itself, which at present is absent. An article in Business Standard, quoted Joint Secretary of MNRE saying
Gujarat DISCOMs approach CERC to seek REC benefits
Gujarat Urja Vikas Nigam Limited (GUVNL) on behalf of DISCOMs , had approached Hon'ble CERC for certain amendments to REC regulations, enabling the former to claim solar RECs as "Eligible Entity" for excess procurement over & above the stipulated RPO
Tamil Nadu drafts RPO targets for FY15 & FY16
Tamil Nadu Electricity Regulatory Commission (TNERC) recently issued a draft order on RPO targets for FY15 & FY16. The following are the targets proposed by the commission: Column 1 Column 2 Column 3 Year Minimum quantum of total renewable purchase obligation in
CERC reduces REC issuance fee payable to NLDC
In an order dated 05.02.2014. the apex electricity regulator CERC extended the existing fees and charges chargeable by the central agency (NLDC) for registration of REC projects till 31.03.2014. The decision was taken by CERC after scrutiny of audited accounts
Uttarakhand penalizes UPCL for non-compliance of RPOs
After a prolonged wait and significant suffering of RE stakeholders, finally, a regulatory body has shown its true strength and purpose by imposing the penalty on an RPO defaulting entity – a first ever penalty imposed on any obligated entity