REC Trading Date for August and October 2011 Amended
Since the last Wednesday, the usual day for RECs trading, in August and October is a holiday, CERC has clarified that trading will take place on the next working day. The order can be found here.
TNERC's Regulation on REC/RPO
Honorable Tamil Nadu Electricity Regulatory Commission (TNERC) declared its much awaited RPO/REC amendment regulation. Following are the key highlights of the regulation: RPO Reduced from 14% to 9% (8.95 Non-Solar + 0.05% Solar) for FY 2011-12 Eligibility Criteria for RE CPP as per
REC Price Bands May Remain Unchaged
CERC is considering leaving the REC price bands unchanged (the limits within which RECs are traded), and also extending the control period from the current three years, reported the Business Standard. CERC had come out with a draft order suggesting
REC Mechanism Sees Low Issuance
July saw significant new capacity getting registered. Registered projects capacity increased from 406 MW last month to 623 MW. However, our analysis found that very little of that is seeing issuance as of now. Approximately 30,000 RECs were issued this month
REC Trading Update – July 2011
REC Trading has been picking up gradually. Both the volumes traded and the price showed some improvement over the last month – approximately 18,500 Non-solar RECs were traded this month, as compared to 16,000 in June. Price also showed marginal improvement,
Significant Changes are Proposed in the REC Mechanism
NLDC and Central Board of Irrigation and Power (CBIP) organized a day-long workshop on the REC mechanism in Delhi in June. Shri Pramode Deo, Chairman CERC was the key note speaker at the event. In his speech, he gave a preview
States Need to do More to Provide Open Access
Planning Commission deputy chairman, Montek Singh Ahluvalia has said "states need to make all-out efforts to expedite reforms in power distribution and do more to provide open access". His comments were were made meeting with Western region states which was part
Pramod Deo, Chairman, CERC Talks About Open Access and the State of Electricity Markets
The Business Standard published a very interesting interview of Pramod Deo, Chairman, CERC today. The highlights of what he said are: There are several difficulties in implementing Open Access at the intra-state level Discoms have been very slow to give open access due
PSERC notifies final regulation on RPO
Honorable Punjab State Electricity Regulatory Commission (PSERC) notified final regulation on Renewable Purchase Obligation and its compliance. PSERC specified the RPO percentage of 2.37% (Non Solar – 2.34 % and Solar – 0.03 %) for current financial year 2011-2012. The
KERC Proposes Amendments to RPO Regulations
KERC has notified First Amendment to KERC (Procurement of Energy from Renewable Resources) Regulations on May 30th 2011. The draft of the proposed amendment is available in www.kerc.org. The highlights of the amendment are: RPO obligation is on captive plant or