Analysis of RECs trading – June 29, 2022 session
RECs trading took place today on both the power exchanges. During the June trade session, RECs worth Rs 98 crores were transacted. Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC (floor price) at both the exchanges. A total of 6,30,822
Analysis of RECs trading – April 27, 2022 session
RECs trading took place today on both the power exchanges. During the April trade session, RECs worth Rs 55.40 crores were transacted. Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC (floor price) at both the exchanges. A total of 331,284
ApTEL sets aside CERC order on REC Price revision | RECs trading likely to start soon
In an important advancement, ApTEL has delivered its judgment on the matter of REC today. According to the order of ApTEL dated 11.09.2021, they set aside the order dated 17.06.2020 passed in Petition no. 05/SM/2020, by the Central Electricity Regulatory
Redesigning REC Mechanism – A review on discussion paper by MoP
Recently the Ministry of Power came up with a Discussion Paper on redesigning the “Renewable Energy Certificate (REC) Mechanism”, which is open for public consultation till 25th June 2021. There are some sweeping changes proposed to the existing REC mechanism. The
CERC Approves modified REC Procedure for Issuance
The Central Electricity Regulatory Commission (CERC) recently approved the modification in REC procedure for issuance. The objective of this procedure is to provide guidance to the entities eligible under “CERC REC Regulations, 2010” This procedure will be applicable to RE Projects
CERC Announces New Forbearance & Floor Price for REC Framework, 2020
The Honorable CERC published the final order on revised price bands for RECs which will be valid from July 1, 2020 onwards and shall remain in force till June 30, 2021 or until further orders of the Commission. The new floor
REVISION OF REC PROCEDURES BY CERC
Central Electricity Regulatory Commission (CERC) has released Model Guidelines for Accreditation of a Renewable Energy Based project or Distribution Licensee, as the case may be under REC mechanism. These regulations shall be applicable to all renewable energy based projects of
VALIDITY OF RECS WHICH WERE ABOUT TO GET EXPIRED BETWEEN OCTOBER '17 AND MARCH '18 GETS EXTENDED BY SIX MONTHS
The Central Electricity Regulatory Commission (CERC) has in its order dated 29/08/2017, declared that those Renewable Energy Certificates (RECs) which were expiring between 1st October 2017 and 31st March 2018 are now going to remain valid till 31st March 2018.
CERC DECLARES NEW REC FLOOR AND FORBEARANCE PRICE
CERC came up with draft regulations in which they have reduced the prices of their Renewable Energy Certificates to a historic low. The new floor and forbearance prices from the same have been covered in our previous blog which also
CERC DECLARES NEW REC FLOOR AND FORBEARANCE PRICE
Honorable Central Electricity Regulatory Commission has determined floor and forbearance prices for REC (solar and non-solar) which will be valid from April 1, 2017 onwards. The prices have reduced significantly and the solar prices are set to reduce from Rs