VALIDITY OF RECS WHICH WERE ABOUT TO GET EXPIRED BETWEEN OCTOBER '17 AND MARCH '18 GETS EXTENDED BY SIX MONTHS
The Central Electricity Regulatory Commission (CERC) has in its order dated 29/08/2017, declared that those Renewable Energy Certificates (RECs) which were expiring between 1st October 2017 and 31st March 2018 are now going to remain valid till 31st March 2018.
MOP DETERMINES GUIDELINES FOR FOR COMPETITIVE BIDDING FOR POWER PROCUREMENT FROM SOLAR PV PROJECTS
The Ministry of Power (MoP) has released the guidelines for procurement of power from grid connected solar PV power projects. The guidelines are applicable to solar PV projects of size 5 MW and above. The purpose of these guidelines is
CERC REJECTS IEX'S PROPOSAL FOR GDAM
The Indian Energy Exchange (IEX), so as to provide the obligated entities more number of ways to fulfill their RPO compliance, had proposed to the CERC to allow the existing renewable energy generators to trade RE on IEX. For the same,
SUPREME COURT ALLOWS CONDITIONAL TRADING FOR NON SOLAR RECs
The matter of CERC’s order on new RECs pricing and the stay granted by the SC on trading, another hearing was held in Supreme Court on 14th July 2017. Main highlights of the Order: An Intervention appeal was filed requesting obligated entities
MOP WAIVERS TRANSMISSION CHARGES AND LOSSES ON ELECTRICITY FROM SOLAR SOURCES
This is an attempt to encourage solar and wind energy in the country, the Ministry of Power (MoP) had waived off the inter-state transmission charges and losses on the electricity generated by wind and solar sources of energy in September
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
DETERMINATION OF FEE AND CHARGES PAYABLE UNDER REGULATION 12 OF THE CENTRAL ELECTRICITY REGULATORY COMMISSION (TERMS AND CONDITIONS FOR DEALING IN ENERGY SAVINGS CERTIFICATES) REGULATIONS, 2016:
In a recent order dated 24.03.2017, the apex electricity regulator CERC has finalised the fees and charges payable by the Designated consumers to the registry for the purpose of meeting the cost and expenses towards the management of registry and
CERC DECLARES NEW REC FLOOR AND FORBEARANCE PRICE
CERC came up with draft regulations in which they have reduced the prices of their Renewable Energy Certificates to a historic low. The new floor and forbearance prices from the same have been covered in our previous blog which also
CERC DECLARES NEW REC FLOOR AND FORBEARANCE PRICE
Honorable Central Electricity Regulatory Commission has determined floor and forbearance prices for REC (solar and non-solar) which will be valid from April 1, 2017 onwards. The prices have reduced significantly and the solar prices are set to reduce from Rs
CERC Determines fees for issuance of Renewable Energy Certificates
In a recent amendment in the Regulation 11 of the REC Regulations, CERC determined the fees and charges payable by the eligible entities for participation in the scheme for, registration, eligibility of certificates, issuance of certificates, and other matters connected