REC Market demand & supply forecast for FY 16-17
Every year, around the mid-year mark we forecast the demand and supply in the RECs markets for the remain-der of the financial year. The second half of the FY is the busy period for the RECs markets as most transactions
REC Trade Result October 2016
Analysis of Trading: Non Solar – The clearing ratio stood at 1.9% and 2.06% in both IEX and PXIL, with a significant increase of 46% in the no. of REC’s traded as compared to last month Solar – Clearing ratio stood at 0.86 % and 1.16%
CAG highlights gaps in RPO compliance of states; Penalties of Rs 4,234 crore not levied
In a recent audit report covering the functioning of MNRE, the Comptroller and Auditor General (CAG) has highlighted various issues on RPO compliance by states. The main issues highlighted by the CAG are: Setting RPO well below the NAPPC target States have been
REC Trade Results July 2015
July’s trading session saw a stagnant response from the demand side. Though, the current demand while comparing it to previous year’s session of July was 3 times higher in Solar and 5 times in Non Solar segment, it indicated a
REC Trade Results – June 2015
The June trade session remained below expectations compared to May’15 month performance. However, if we compare the performance with Jun’14, the response was still far better. After the announcement of an important judgment by Supreme Court, the market looks upbeat and
REC Trade Results May 2015 – A Significant jump after Supreme Court judgment
We are pleased to share the Result of REC trading for the month of April-15. In May’s trading session, 256,579 Non Solar and 83,189 Solar REC’s were traded through Power Exchange (a total of 339,768 REC’s), which was more than 4
MPERC imposes penalty for non compliance of RPO
In an order dated 20th October 2014, Madhya Pradesh Electricity Regulatory Commission (MPERC) has imposed a token penalty of Rs. 25,000 for non compliance of RPO. The order is the outcome of the petition filed by M/S Green Energy Association
REC Trading Report – June 2014
REC trade session for June 2014 was conducted on 25th June 2014. The following is a summary of results - The total transactional value of non-solar RECs was INR 208.8 million and for solar RECs it was INR 15.4 million. The
REC Trading Report – May 2014
Demand and clearing ratios touched one of the lowest points in three years. Non-solar RECs: Demand in May was 29,255, compared to 79,354 in April (down 63% over April) and down 45% from May of last year. The last time demand was
REC Trade Report – April 2014
We are pleased to bring the REC trade results and our analysis on REC trade session conducted on 30th April 2014. Following is a brief of the analysis: April 2014 was the first month of compliance year FY 2014-15. As expected, the