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
Delhi announces its final RPO regulation
The most awaited RPO regulations was finally announced by Delhi Electricity Regulatory Commission (DERC) for the capital region. Like RPO regulations of other states, DERC also came out with a similar one. The RPO regulation is applicable to: Distribution Licensee(s) operating in
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
Revision of Electricity Tariff in Karnataka for the year 2012-13
Karnataka Electricity Regulatory Commission (KERC) has ordered revision of electricity tariff for all the Electricity Supply Companies in the State for the Financial Year 2012-13 and will come into effect for the electricity consumed from the first meter reading date
DERC to mandate the use of Renewable Energy in Delhi by 2%
To encourage the use of renewable energy in New Delhi, DERC is ready to announce a 2% RPO for the Discoms in New Delhi. DERC is revising the domestic tariff for the financial year 2012-13 . In a recent article
MP amends RPO regulation to include Co-gen as renewable energy
In our recent newsletter (Vol 19), we had mentioned the following: Madhya Pradesh recently proposed an amendment to its RPO regulations. The amendment proposes to substitute “Co-generation from Renewable Sources of electricity” with the word “Co-generation” in various sections of the
Punjab roll-forwards RPO to next year
PSPCL recently petitioned the Punjab Electricity Regulatory Commission to amend its RPO from 2.4% (including 0.03% solar) to 1.65%. This is inline with the extent of RPO achieved in the state (1.67% non-solar and 0.0075% solar). The reasoning behind the
REC Trading Report-April 2012
Today’s trading session was the first of the new compliance year (2012-13). Both volume and price expectations were low, given that there is no real pressure on the obligated entities to buy this early in the year. Considering that, both
REC Trading Report – March 2012
Today’s was the last trading session for the year before the end of the compliance period. The market expected significant demand and high prices as this was the last opportunity to comply. However, contrary to expectation demand fell sharply this
Solar success depends on enforcement of renewable purchase obligation: Gireesh Pradhan
Mr Gireesh B. Pradhan, Secretary, Ministry of New and Renewable Energy (MNRE), was overheard saying that he found himself in the “right ministry” – a fact that indicates that the Maharashtra cadre, 1977 batch IAS officer, is passionate about the