REC Trading Report – February 2012
Traded volume exceeded 2 lakh RECs for the first time. Total volume traded was over 206,000 (vs. 171,000 in January; an increase of 20%). The total traded value exceeded Rs 63 crore (21% increase over previous month). The market clearing price
Numeric Power's solar power plant received REC accreditation
Chennai-based Numeric Power Systems has received REC accreditation for one of its two 1 MW solar PV plants in Tamil Nadu.The plant is likely to feed energy to the grid from next month. This is the third solar power plant in
CERC allays fears over RPO enforcement
In a recent article of the Hindu Business line , Central Electricity Regulatory Commission (CERC) shared their concern over Renewable Purchase Obligation ( RPO ) enforcement. After successful completion of REC mechanism for one year, RPO enforcement regulation across various
REC Trading Report – January 2012
As we approach the end of the compliance period i.e in March 2012, REC market reached its peak both in traded volume and prices. Total traded volume increased to over 170,000 ( an increase of 54% over previous month), while
REC Trading Report – December 2011
REC markets continue to grow, albeit more slowly than in the earlier months. Total treaded volume increased to approximately 120,000 (an increase of 14%), while price increased marginally to Rs 2,950/ REC (vs. Rs 2,900 last month; IEX prices). Prices
Andhra Pradesh Publishes Draft RPO Regulation
Andhra Pradesh published its draft RPO regulations. This is significantly delayed (AP was the only major state remaining to publish RPO; Delhi has a draft order, and West Bengal is essentially a non-participant - more on this later in the
Open Access in All States May Finally Become a Reality
An article in Business Standard mentioned that the Ministry of Power has issued an order to all state governments, power regulators and distribution utilities to implement the open access provisions of the Electricity Act, 2003. The article further states that "the
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
Launching India's First Online RPO Calculator
We are pleased to present the online RPO calculator. Its a first of its kind tool in India (and possibly in the world!), and will help you plan and manage your RPO liability in a easy and effective manner. We developed