MP Proposes High Cross Subsidy Surcharge
After Maharashtra, it was the turn of MP to propose a high cross-subsidy surcharge. According to an approach paper released on the topic by MPERC, industrial consumers will have to pay upto Rs 1.53 per unit as cross-subsidy. This
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
Maharashtra Cross-Subsidy Declared
The ongoing cross-subsidy issue in Maharashtra, which was also the subject of a Supreme Court judgement recently, seems to have been resolved. MERC came out with an order on the subject on September 9. The highlights are: Cross-subsidy (CSS) has been determined as
India's Biomass Scenario
In an article in the Business Standard on the current scenario of the biomass plants in India was reported. Burgeoning raw material costs and a mismatch between generation cost and pricing have led biomass power plants to function well below their capacity and, in some cases, end operations. Against an estimated potential of 18,000 MW, the installed capacity of biomass plants in India is 2,664 MW. These plants are in Maharashtra (403 MW), Andhra Pradesh (363 MW), Karnataka (365 MW), Madhya Pradesh (7 MW), Tamil Nadu (488 MW), Punjab (74 MW), Haryana (35 MW), Rajasthan (73 MW), Uttar Pradesh (592 MW), West Bengal (16 MW) and Uttarakhand (10 MW), among others. Industry sources said it was difficult to run these plants, as raw material like forest residue, agricultural waste and non-cattle feed was not available even at Rs 3,000 per tonne.
Review of REC Trading-June 2011
Compared to REC Trading for last month, this month saw a larger level of participation from buyers in REC market. For example, in this trade session, IEX witnessed 72,002 RECs* from buy side whereas, PXIL saw demand of 10,000 RECs.
States Need to do More to Provide Open Access
Planning Commission deputy chairman, Montek Singh Ahluvalia has said "states need to make all-out efforts to expedite reforms in power distribution and do more to provide open access". His comments were were made meeting with Western region states which was part
Pramod Deo, Chairman, CERC Talks About Open Access and the State of Electricity Markets
The Business Standard published a very interesting interview of Pramod Deo, Chairman, CERC today. The highlights of what he said are: There are several difficulties in implementing Open Access at the intra-state level Discoms have been very slow to give open access due
Supreme Court Allows Open Access in Maharashtra
The Supreme Court has dismissed the petition of MSEDCL for a stay on Open Access in Maharashtra. For those in the industry who have been tracking this issue for a while now, the Supreme Court action came quickly (only very