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
MERC waives solar RPO targets for Tata Power Company – Distribution
The electricity regulator of Maharashtra through an order dated 20th Dec’13 has extended some relief to Tata Power Company (TPC) - Distribution. MERC has relaxed the solar RPO targets as stipulated under relevant RPO regulations for three consecutive fiscals. TPC
DISCOMs not to be fastened with purchase obligation from conventional co-gen plants : APTEL
A full bench of the tribunal on 2nd Dec’13, pronounced a landmark judgment on the issue of fastening of purchase obligation on DISCOMs, for power procurement from fossil-fuel based co-generation (co-gen) units. The petitioner (Lloyds Metal & Energy Ltd) had filed
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
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
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