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,
Order on APPC of Chhattisgarh declared
Order on Average Pooled Purchase Cost (APPC) by Chhattisgarh State Power Distribution Company Ltd., Bhilai Steel Plant and Jindal Steel and Power Ltd. for the year 2010-11 and 2011-12 was declared recently. The order specified the pooled cost of power
PSERC's order on APPC for FY 2011-12
Honorable Punjab State Electricity Regulatory Commission (PSERC) have also determined the Average Power Purchase Cost (APPC) for the state of Punjab.The Commission has determined the ‘Pooled Cost of Purchase’ as Rs. 2.64 per Kwh for FY 2009-10 and Rs.2.69 per
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
Review of REC Trading-June 2011
Compared to REC Trading for last month, this month saw a larger level of participation from buyers in REC market. For example, in this trade session, IEX witnessed 72,002 RECs* from buy side whereas, PXIL saw demand of 10,000 RECs.
Order on APPC of HPSEB Ltd for FY 2011-12
The revised Pooled Cost of Power Purchase has been worked out as Rs. 2.24 per unit for the FY 2011-12. The order on APPC of HPSEB Ltd for FY 2011-12 is available here.
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
CERC to determine Floor & Forbearance Price of RECs post 2012
Central Electricity Regulatory Commission (CERC) has come out with a suo-motu order on determining new Floor and Forbearance price for REC (Solar & Non-Solar) for the period post 2012. The draft copy of the order and a notice for the