REC Trading Report – October 2013
Non-Solar RECs Overall, Non-solar demand increased more than three-fold compared to last month (150,640 vs 49,831 in September 2013). As a result, clearing ratios on both exchanges improved. The uptick in demand is likely a factor of timing (most compliance takes places in
Uttarakhand orders UPCL to meet RPO* shortfall within 2 months
Uttarakhand Electricity Regulatory Commission (UERC), in an order dated 11th September 2013 has ordered Uttarakhand Power Corporation Limited (UPCL) to meet its non-solar RPO shortfall of FY12 no later than 15th Nov 2013 through the purchase of RECs (i.e. within
MPERC issues fresh directives on RPO compliance
Electricity regulatory commission of Madhya Pradesh, in a fresh directive has ordered all DISCOMs of the state to comply with RPO. Owing to unavailability of information on power purchase from renewable sources by DISCOMs, the commission clarified that it was
Center takes a stricter route on RPO compliance
As per an article in Economic Times, the center has asked the appellate tribunal to allow MNRE to be a party in a petition jointly filed by wind associations IWEA and IWTMA. This petition filed by the wind associations in January
Delhi discoms build RPO compliance costs into their tariff
According to the most recent tariff orders, the Delhi Electricity Regulatory Commission (DERC) has allowed Tata Power Delhi Distribution Limited, BSES Yamuna Power Limited, BSES Rajdhani Power Limited, New Delhi Municipal Council to incorporate the cost of Renewable Purchase Obligation (RPO) for FY2013-14
GERC waives RPO shortfall; second year of non-compliance
In a very disappointing order, the Gujarat State Electricity Commission (GERC) decided to waive off the shortfall in RPO for the year 2012-13. In a petition filed by the Discoms, they had asked for a waiver on the grounds that
Status Quo for co-generators
In a key judgement pronounced by Hon'ble APTEL on 17th April 2013 condonation of delay was not granted. The issue relates to a case filed by GERC against Century Rayon/MERC for the order passed by tribunal on keeping co-generation plant
First amendment to Chhattisgarh’s REC RPO regulations
Chhattisgarh State Electricity Regulatory Commission (CSERC) recently brought an amendment to their RPO –REC regulations . The amendment mainly highlights the issue raised by obligated entities where there is an excess purchase of renewable energy/renewable energy certificates. They have requested
Punjab releases NRSE Policy 2012
Punjab released their renewable energy policy ‘New and Renewable Sources of Energy (NRSE) Policy – 2012’ on 26th December, 2012 with an objective to develop and promote new and renewable sources of energy
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