REC Trade Report – March 2014
We are pleased to bring the REC trade results and our analysis on REC trade session conducted on 26th March 2014. Following is a brief of the analysis: With this trade session, a 12-month long financial year FY 2013-14 comes to
Joint ERC proposes amendment to RPO regulations
JERC; the joint electricity regulatory commission for the state of Goa and UTs has recently proposed a draft to its principal RPO regulations of 2010. The main highlight of the amendment is the declaration of RPO targets from FY14-FY22. The
MERC asks BEST to meet shortfall in RPO by March 2014
Electricity Regulator of Maharashtra (MERC) on 6th March 2014 released 3 separate orders with regards to verification of RPO compliance of state discoms; namely Reliance Infrastructure Limited - Distribution (RIL-D), Tata Power Company - Distribution (TPC-D) and Brihan Mumbai Electric
Gujarat's first amendment to RPO regulations
Gujarat Electricity Regulatory Commission (GERC) on 4th March 2014 amended its principal RPO regulations of 2010. In these regulations, Gujarat set its RPO targets post FY13. The RPO set are from FY14 to FY17. Gujarat announced 10% of energy procurement to
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
Tamil Nadu drafts RPO targets for FY15 & FY16
Tamil Nadu Electricity Regulatory Commission (TNERC) recently issued a draft order on RPO targets for FY15 & FY16. The following are the targets proposed by the commission: Column 1 Column 2 Column 3 Year Minimum quantum of total renewable purchase obligation in
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
Govt mulling to introduce hydro tradable certificates
As per an article in Economic Times (refer), government is using an accelerated approach towards promotion of India's hydro power assets. A recent progress on this pertains to introduction of tradable hydro certificates (on the lines of RECs). Demand 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