Analysis of REC Trading – March 30, 2022 session
RECs trading took place today on both the power exchanges. During the March trade session, RECs worth Rs 97 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 342,067
Analysis of RECs trading – Feb 23, 2022 session
RECs trading took place today on both the exchange platforms (ie. IEX & PXIL). During the February trade session, RECs worth Rs 102 crores were transacted. Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC at IEX (floor price) INR and
Transaction in electricity & clean energy certificates are exempted from TCS & TDS
The Central Board of Direct Taxes (CBDT) issued new guidelines for the applicability of Tax deducted at Source (TDS) and Tax collected at source (TCS). Under the new guidelines, e-commerce operations which include transactions in electricity and trading of clean
CERC gives a positive nod to extend the validity on RECs
CERC recently announced in its order dated 15th May 2018 that the RECs will be valid till 30th October 2018, which were otherwise expired/likely to be expired between 1st April 2018 and 15th October 2018. The commission declared this in accordance
REC Trading Results – April 2018
April saw trading resume for Solar RECs after a gap of one year, after the ApTel pronounced judgment in the case of REC pricing. Also, after record sale of Non-solar RECs in the last 5 months, there was almost no
ANALYSIS OF APTEL ORDER ON REC PRICING AND MULTIPLIER
Order in the case of REC pricing and vintage multiplier has now been uploaded on the ApTel’s website. Following is a quick summary of the same: ApTel has rejected all prayers of the RE generators. Specifically, it has held: - Pricing: ApTel found
UPDATE ON HEARING ON PRICE AND TRADING OF SOLAR RECS IN APTEL
We attended the hearing at ApTel today. The court has dismissed all the petitions – implying that the CERC order remains as is. More details will be available once the final order is uploaded on the ApTel’s website (generally by
SUPREME COURT ORDERS STAY ON REC TRADING
After the Central Electricity Regulatory Commission’s (CERC) order dated 30th March 2017 on reduction of prices for RECs, many REC-generating companies had filed petitions stating that they had incurred a loss as vintage multiplier was not provided. They had first
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