CERC Makes Drastic Changes in the REC Mechanism
In a recent notification, CERC (Central Electricity Regulatory Commission) published new REC regulations. These regulations differ in many significant ways from the existing REC regulations. A brief summary is provided below: It is important to note that these regulations, though final, are
CERC Proposes Drastic Changes in the REC Mechanism
In a recent announcement, CERC (Central Electricity Regulatory Commission) published the draft Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022. Comments are due by 15th March 2022. Key Changes provisioned in the
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
CERC notifies APPC rate for FY 2021-22
Central Electricity Regulatory Commission(CERC) recently announced the Average Pooled Power Purchase Cost(APPC) for the FY 2021-22. After addressing the stakeholders’ comments and based on the tariff orders issued by the SERCs/JERCs for FY 2020-21, the APPC at the National level
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
CERC Approves modified REC Procedure for Issuance
The Central Electricity Regulatory Commission (CERC) recently approved the modification in REC procedure for issuance. The objective of this procedure is to provide guidance to the entities eligible under “CERC REC Regulations, 2010” This procedure will be applicable to RE Projects
CERC Announces New Forbearance & Floor Price for REC Framework, 2020
The Honorable CERC published the final order on revised price bands for RECs which will be valid from July 1, 2020 onwards and shall remain in force till June 30, 2021 or until further orders of the Commission. The new floor
CERC notifies Sharing of Inter-State Transmission Charges and Losses Regulations, 2020
The Central Electricity Regulatory Commission (CERC) has recently notified the new regulations for the Sharing of Inter-State Transmission Charges and Losses 2020. The regulations will be applicable to all Designated ISTS Customers (DICs), Inter-State Transmission Licensees, National Load Despatch Centre
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