MERC tightens RPO compliance & prevents interchangeability
In a landmark decision by Maharashtra state electricity regulatory commission, it was brought forward that the obligated entities of the state (i.e. DISCOMs, Captive and OA consumers) will no longer have the cushion of RPO waiver or interchangeability of solar
“Hydro Purchase Obligation” may be a reality
The power minister in a statement has given signs that hydro purchase obligation may be a reality as the minister said that the provision is being considered. The idea broke out first when the hydro sub-group had recommended the Power
CERC’s 2nd amendment to REC Regulations
Hon’ble CERC through a notification dated 10th July 2013 has come up with its 2nd amendment to its principal REC regulations of 2010. The following are the main highlights: On the issue of RE contracted though competitive bidding, the commission has
Hydro Power – not renewable yet
Owing to sluggish capacity addition of hydro power projects in the country, the hydro sub group recently had recommended power ministry to declare all hydro power projects as renewable, which the later refuted. Currently only those projects, having an installed capacity
REC Trading Report – February 2013
Non-solar RECs Demand decreased to 153,000 RECs (down 21% from Jan 2013) this trading session. The compliance period for this financial year will end in March 2013, leaving only one more trading session to go. Given that, the overall demand remains
REC Trading Report – December 2012
Non-solar RECs Volume increased significantly from the lows of November. Total traded volume was 273,644 in December (up from 132,352 in November; 108% increase). Supply continued to increase. Total sell bids exceeded 14.5 lakh RECs (up 18% from last month). The demand-supply
Gloomy weather over REC market
Last month's REC trading session has brought the REC market on the verge of vanishing soon. With no sign of strict enforcement happening and a drop of 40% demand shows that the obligated entities have the least interest to participate
Private Equity investment in cleantech reduces sharply
According to The Business Standard, private equity (PE) investments in clean technology projects have almost halved this year. This year the RE sector had 12 PE investments worth around $396 million whereas last year there were 36 PE deals worth
RECs markets face uncertaininty due to lack of enforcement: Businessworld
We have highlighted the problem with enforcement regularly. A recent article in Businessworld brings the issue center-stage. Jayant Deo, former MD and CEO of the Indian Energy Exchange (IEX) is quoted as saying: " [obligated] entities are getting away with non-compliance because
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