Analysis of RECs trading – Nov 24, 2021 session
RECs trading resumed yesterday, after an order from ApTel reversed the price reduction by CERC. Trading was put on hold in July 2020. The November trade session saw significant volume, with RECs worth Rs 383 crores being transacted. Non-Solar: Non-Solar RECs traded
ApTEL sets aside CERC order on REC Price revision | RECs trading likely to start soon
In an important advancement, ApTEL has delivered its judgment on the matter of REC today. According to the order of ApTEL dated 11.09.2021, they set aside the order dated 17.06.2020 passed in Petition no. 05/SM/2020, by the Central Electricity Regulatory
ApTEL orders to revoke the RECs issued to APSPDCL for FY 2018-19
Appellate tribunal for Electricity(ApTEL) in a recent order have directed the Central Agency to revoke the balance disputed RECs issued and unsold for the Financial year 2018-19 to APSPDCL and cancel/revoke the registration according to CERC REC regulations 2010. ApTEL
CERC gives a positive nod to extend the validity on RECs
CERC recently announced in its order dated 15th May 2018 that the RECs will be valid till 30th October 2018, which were otherwise expired/likely to be expired between 1st April 2018 and 15th October 2018. The commission declared this in accordance
ANALYSIS OF APTEL ORDER ON REC PRICING AND MULTIPLIER
Order in the case of REC pricing and vintage multiplier has now been uploaded on the ApTel’s website. Following is a quick summary of the same: ApTel has rejected all prayers of the RE generators. Specifically, it has held: - Pricing: ApTel found
UPDATE ON HEARING ON PRICE AND TRADING OF SOLAR RECS IN APTEL
We attended the hearing at ApTel today. The court has dismissed all the petitions – implying that the CERC order remains as is. More details will be available once the final order is uploaded on the ApTel’s website (generally by
SUPREME COURT ORDERS STAY ON REC TRADING
After the Central Electricity Regulatory Commission’s (CERC) order dated 30th March 2017 on reduction of prices for RECs, many REC-generating companies had filed petitions stating that they had incurred a loss as vintage multiplier was not provided. They had first
MPERC waives off past Solar RPO
In a recent order, MPERC has waived off past solar RPO for its Discom’s. This comes despite ApTel’s judgment specifically disallowing waive-offs, and CAG’s remark about states not meeting RPO regulations. Even more telling is the fact that India is playing a
APTEL Directs DERC to adjust the PPAC (Hike in Tariff)
The Appellate Tribunal for Electricity (APTEL) in its judgment dated 25th May 2015 has directed the DERC (Delhi Electricity Regulatory Commission) to determine the Power Purchase Adjustment Cost (PPAC) for the 3rd and 4th quarter of the previous financial year
Analysis of Supreme Court Judgment on Applicability of Renewable Purchase Obligations
On May 13, 2015 the Supreme Court pronounced a landmark judgment on the applicability of Renewable Purchase Obligations (RPO) regulations. The case in question is Hindustan Zinc vs Rajasthan Electricity Regulatory Commission (RERC). Background In August 2012, the Rajasthan High Court had