TNERC revises APPC for FY 2012-13
In a recent announcement by Tamil Nadu Electricity Regulatory Commission (TNERC), the average pooled power cost has been increased by 7.7% to Rs.2.54 per unit for FY 2012-13. The previous APPC was Rs.2.37 per unit. The hike in APPC price
Discoms – the weakest link in the power chain
An article in the Business Standard provides a birds eye view of the power sector as it stands now. It reiterates the obvious - the problem is at the discom end, and is not easy to solve. Whats interesting is that
REC Trading Report – August 2012
Prices crashed to Rs 1,500 on IEX and Rs 1,555 on PXIL; a fall of 25% and 29% respectively over last month. This price fall was driven by a significant over-supply situation – close to 6.27 lakh RECs (33% increase
REC trade picks up speed
In yesterday's article of the Hindustan Times , Rupa Devi Singh,Managing Director of PXIL said that the REC market is expected to grow to Rs.100 crore by the end of 2012. Currently the market size per month is around
REConnect's journey so far
A recent article of The Hindu Business Line covered the story how REConnect was formed and their entrepreneurial journey till now . Vishal Pandya and Vibhav Nuwal , Directors, REConnect Energy Solutions met through Linkedin, shared their ideas of
Subsidy of 1 rupee per unit on consuming less power in Delhi
With the power prices going up in the capital regularly and a 26% tariff hike which made by the Delhi Electricity Regulatory Commission (DERC) last week, Delhi Chief Minister Sheila Dikshit announced a subsidy of Re 1 per unit for
REC Trading Report – June 2012
REC trading for June was conducted today (June 27, 2012). Compared to last month, there were a few surprises: Supply exceeded demand for Non-Solar RECs for the first time since start of trading Demand for Solar RECs grew significantly Detailed analysis of Non-solar
Tariff increases offer a ray of hope for Discom’s
Two recent articles highlight the changes taking place in Discom’s. The article in Business Standard mentioned that last year, some Disocm’s were able to raise tariffs to an extent that was not seen in the past. Tariff increase for FY11 States Tariff increase
Power Distribution Utilities to be rated by Ministry of Power
In an interesting article of The Hindu Business Line, a new rating methodology developed by the ministry of power was highlighted. In this methodology all utilities will be rated on the basis of their performance and their ability to sustain
REC Trading Report – May 2012
Solar RECs were traded for the very first time in India in the May trading session. REConnect sold Solar RECs issued to M&B Switchgear Ltd (a company that operates a 2MW solar plant in MP). The market clearing prices on