REC Trade Report – February 2014
We are pleased to bring the REC trade results and our analysis on REC trade session conducted on 26th February 2014. Following is a brief of the analysis: February 2014 was the second last trade session of Q4 for FY14. Clearing Ratios
Govt. pushes for stronger RPO enforcements
The Ministry of New & Renewable Energy (MNRE) has written to Ministry of Power (MoP) to include stronger enforcement provisions in the Electricity Act itself, which at present is absent. An article in Business Standard, quoted Joint Secretary of MNRE saying
Gujarat DISCOMs approach CERC to seek REC benefits
Gujarat Urja Vikas Nigam Limited (GUVNL) on behalf of DISCOMs , had approached Hon'ble CERC for certain amendments to REC regulations, enabling the former to claim solar RECs as "Eligible Entity" for excess procurement over & above the stipulated RPO
Uttarakhand penalizes UPCL for non-compliance of RPOs
After a prolonged wait and significant suffering of RE stakeholders, finally, a regulatory body has shown its true strength and purpose by imposing the penalty on an RPO defaulting entity – a first ever penalty imposed on any obligated entity
REC Trade Report – January 2014
January 2014 marks first month of Q4 for FY14. Overall the clearing volumes for both type of RECs were marginally less than previous month. As per REC Registry, the market redeemed a total of 3.65 lakh RECs. Non-Solar RECs : Buy bids for
Madhya Pradesh takes note of non-compliance in solar RPO
On 20th November 2013, in petition no. 35/ 2013, MPERC took serious note on the issue of non-compliance of solar RPO by state utilities/discoms. It can be read in the order as: Notwithstanding the aforesaid, the Commission is constrained to express
REC Trade Report – December 2013
December 2013 marks the end of Q3 for FY14. Overall the results have sustained optimism as compared to the preceding trading month. With last three months still remaining in this year and chances of higher buyer-side participation in the subsequent
REC Trade Report – November 2013
Non-solar RECs: November 2013 REC trading witnessed an increase in volumes. The spike in demand is a sign that RPO enforcement is taking its gradual effect and some states are ensuring buyers participation, thereby keeping the market upbeat. For non-solar RECs, the
Pass RE cost to Industries says MSEDCL
Maharashtra state electricity distribution company limited (MSEDCL) has requested the Hon'ble MERC to consider passing on the cost due to renewable energy purchase to Industries of the state. As per MSEDCL, Industries in the state are responsible for pollution and
Changes to Electricity Act Proposed
The Ministry of Power (MOP) recently made public a document that proposes various changes to the Electricity Act, 2003 (EA). The below article provides a quick summary of the proposed changes: The current role of the Distribution Licensee has been broken up into