UERC finalizes retail tariff revision for FY14
Uttarakhand has been the latest state to revise its tariff for its different category of consumers (preceded by AP, MP, HP, Karnataka and Kerala). According to media reports, the tariff revision has come as a sigh of relief given
Power Bills to shoot up in Kerala, Karnataka and HP
After a recent power tariff hike by the states of Madhya Pradesh and Andhra Pradesh, it was now time for ERCs of Kerala, Karnataka and HP to come to the rescue of their respective DISCOMs. Time has come when poor
Andhra Pradesh, Madhya Pradesh hike Industrial Tariffs
The retail tariff order for FY 2013-14, rolled out by Hon’able APERC, has brought a major setback for the industries of the state. The hike in tariff was quite significant as it implies that industries dependent on grid power
Chattisgarh APPC for FY 2012-13
On 14th December 2012, Hon’ble Chattisgarh State Electricity Regulatory Commission (CSERC) rolled out its pooled cost of power purchase for Chhattisgarh State Power Distribution Company Ltd. (CSPDCL), Bhilai Steel Plant (BSP-TEED) and Jindal Steel (JSPL). As per this order, APPC
REC Trading Report – February 2013
Non-solar RECs Demand decreased to 153,000 RECs (down 21% from Jan 2013) this trading session. The compliance period for this financial year will end in March 2013, leaving only one more trading session to go. Given that, the overall demand remains
Wind Associations take weak RPO enforcement issue to APTEL
In the wake of the recent fear for a complete market failure of the Renewable Energy Certificate Markets in India, prominent wind power associations have knocked the doors of Appellate Tribunal for Electricity (APTEL) against various state and central electricity regulatory commissions. Indian Wind Energy Association and the Indian Wind Turbine Manufacturers Association, submitted a petition against regulatory commissions in the APTEL for weak enforcement of renewable purchase obligations (RPO), which was admitted by the APTEL.
REC mechanism which is the only scheme presently available for Wind power investors to offset their additional cost of generating green power, after withdrawal of the GBI scheme and the AD benefit has come to the verge of a total collapse. A mechanism which was proposed to encourage the growth of renewable energy in the total energy mix of the nation has failed to draw enough buyers in the recent trade sessions. January 2013 trading session witnessed a total volume cleared of mere 1,93,337 RECs leaving an inventory of 17.8 lakh RECs (for detailed REConnect's Analysis refer).
According to an article in Business line (refer) , the petition read as – “ Such non-compliance is continuing with the silent approval of various State Commissions, at the cost of the renewable energy generators. The petitioners fear that such non-compliance, if permitted to go unchecked, may ultimately lead in the failure of the renewable energy certificate market,” With just over a month left before the current financial year coming to an end, market sentiments rely heavily on the much awaited push from the government to revive the mechanism.
REC market may crash if state distribution companies don't meet their RPO
According to and article in the Economic Times, REC markets have crashed in the recent months (see trade results of Oct 2012 and Sept 2012 here) as the state power distribution companies have not yet met their obligation by purchasing
MPERC refuses expemtion of Solar RPO
Recently MPERC held in an order that there will not be any relaxation and revision in fulfillment of Renewable Purchase Obligation (RPO) targets from solar energy sources for FY 2011-12 and 2012-13. The order is in response to the petition
RECs markets face uncertaininty due to lack of enforcement: Businessworld
We have highlighted the problem with enforcement regularly. A recent article in Businessworld brings the issue center-stage. Jayant Deo, former MD and CEO of the Indian Energy Exchange (IEX) is quoted as saying: " [obligated] entities are getting away with non-compliance because
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