KERC notifies provisional APPC rate for FY 2021-22
Karnataka Electricity Regulatory commission(KERC) recently announced the Average Pooled Power Purchase Cost(APPC) for the FY 2021-22. In accordance with the KERC (Procurement of energy from renewable sources) regulation, 2011, KERC notifies the APPC at INR 4.17/unit for the financial year
CERC proposes draft floor & forbearance price for Solar & Non-solar RECs
The Central Electricity Regulatory Commission(CERC) recently issued a draft order regarding the revision of floor & forbearance price of the Renewable Energy Certificates (RECs). In line with the Electricity Act 2003 Renewable Purchase Obligation, RECs were introduced as tradable market instruments
REC trade result – August 2019
The August trade session saw a reduction in demand for both non-solar & solar. In the case of supply, the availability of solar & non-solar both reduced from last trade session. Prices increased for both solar & non-solar RECs on
REC trade result – October 2018
This month’s trading saw good participation from the market due to good price realization in non-solar RECs and increased demand for solar REC in the last few months. Non-Solar: The shortage of Non-solar RECs continues in the current session of
REC trade results – August 2018
Non-Solar: Non-solar RECs prices continue to rise with robust demand but the clearance volume is constrained due to limited supply availability. This session the RECs were traded at the price of INR 1101 at PXIL (10.1% above the floor price)
Ministry of Power announces renewed RPO trajectory for long-term
Ministry of Power (MoP) recently announced an order for long-term growth trajectory of Renewable Purchase Obligation (RPO) for solar and Non-solar for a period of three years i.e. 2019-20 to 2021-2022. In order to achieve the target of 175 GW
Union government proposes to build a National Discom consulting the state discoms
In recent news, the Union Government has planned to set up a national power distribution company that will have a grip on the state discoms in electricity distribution activities and ensure timely implementation of central schemes. The proposed company is said
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.
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
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