Solar developers in search of light under REC scheme
After one year of completion of REC mechanism solar developers are still looking for some ray of light to benefit from the scheme. Only one solar project got accredited till date. The project is of Jain Irrigation, has a capacity
Review of REC Trading-November,2011
Unlike in October, the November REC trading session had few surprises. Prices increased marginally on IEX (From Rs 2,700 to Rs 2,900), while it fell on PXIL (from 3,000 to 2,800). Total volume sold increased from approximately 95,000 to
GEDA is Directed to Monitor RPO In Gujarat
The Gujarat Electricity Regulatory Commission (GERC) has directed the state nodal agency GEDA to the renewable power purchase obligation on regular basis and submit the report to the Commission quarterly basis. We believe this is an encouraging step, albeit a small
Review of REC Trading-October 2011
The highlight of this trading session was the increase in volumes (95,504 RECs sold versus 46,362 last month) and price (Rs 2710/ REC*). The increase in cleared volume of 106% is significant, particularly as increase in volume offered for sale increased
Review of REC Trading-September 2011
Trade session this month again brought a pleasant surprise for sellers with REC prices rising to Rs.2300/REC about 30% w.r.t last month.As the second quarter ended, buyers might have tried to secure RECs and limit their liabilities against future price
REC Trading Update – August 2011
In August's REC trade, both prices and demand volume increased significantly from last month. REC demand last month was about 96,000, while it almost doubled to over 183,000 in August. This is perhaps the most significant indicator for the REC markets,
Himachal Pradesh RPO regulation's first amendment
Honorable Himachal Pradesh Electricity Regulatory Commission (HPERC) declared its Renewable Power Purchase Obligation regulation's first amendment. Following are the key highlights of the regulation: Previously the RPPO was defined till financial year 2011-13, now they have changed and declared the new RPPO
CERC Declares New REC Floor and Forbearance Price for FY 2012-2017
Honorable Central Electricity Regulatory Commission (CERC) has declared new floor and forbearance price for REC (Solar and Non Solar) for the control period of FY 2012-2017 (the order is available here). The Commission has considered the comments of the stakeholders
TNERC's Regulation on REC/RPO
Honorable Tamil Nadu Electricity Regulatory Commission (TNERC) declared its much awaited RPO/REC amendment regulation. Following are the key highlights of the regulation: RPO Reduced from 14% to 9% (8.95 Non-Solar + 0.05% Solar) for FY 2011-12 Eligibility Criteria for RE CPP as per
CERC to determine Floor & Forbearance Price of RECs post 2012
Central Electricity Regulatory Commission (CERC) has come out with a suo-motu order on determining new Floor and Forbearance price for REC (Solar & Non-Solar) for the period post 2012. The draft copy of the order and a notice for the