Call for Reform of Discom's Gathering Steam
Business Standard wrote on the topic of Power Discom reforms - the second time in two days. The important points raised by the Shunglu Committee are: Huge Losses at the Discom's: During the five years (from 2006 to 2010), losses were Rs
Shunglu Committee Proposes An SPV to Buy Bad Debts of Discoms
A recent article in Business Standards mentioned that an SPV is being proposed to buy the bad debts of Discom's. The fact that Discom's are essentially bankrupt has been known for a long time. The good news that is there
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
Power Tariffs Likely to Increase Signficantly: CERC
In recent days, power projects and tariff have made news in almost every newspaper. There have been reports of power projects being in trouble, state electricity board being denied loans by banks, and tariff increases. The article on tariff increase cites
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
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
Power Exchanges Raise REC Trading Charges
IEX and PXIL have raised trading charges across most categories of power trading products. However, REC trading charges have only been revised by IEX. REC trading charges at IEX are now Rs 20/REC (up from Rs 10/REC). At PXIL, charges remain
Renewable Energy Certificates needs market push
In an article of The Hindu Business Line the current scenario of the Renewable Energy Certificates market of the country and its upcoming challenges was highlighted. With an extra one-and-a-half paise added into accounts of people who put up renewable energy capacities such as windmills, biomass and solar plants is an attractive return, justifying their investments. However, for this to work, a key parallel activity is the development of a robust market for renewable energy certificates and here is where action is needed urgently now.