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
MERC tightens RPO compliance & prevents interchangeability
In a landmark decision by Maharashtra state electricity regulatory commission, it was brought forward that the obligated entities of the state (i.e. DISCOMs, Captive and OA consumers) will no longer have the cushion of RPO waiver or interchangeability of solar
“Hydro Purchase Obligation” may be a reality
The power minister in a statement has given signs that hydro purchase obligation may be a reality as the minister said that the provision is being considered. The idea broke out first when the hydro sub-group had recommended the Power
Kerala defers applicability of Solar RPO
In a KSERC order dated – April 4 2013, KSERC has mandated that solar renewable purchase obligation will be applicable on KSEB from FY14 and for other licensees from FY15. Solar RPO of the state is set as– 0.25 % for
CERC’s 2nd amendment to REC Regulations
Hon’ble CERC through a notification dated 10th July 2013 has come up with its 2nd amendment to its principal REC regulations of 2010. The following are the main highlights: On the issue of RE contracted though competitive bidding, the commission has
India slips to eighth spot in RE attractive index
India’s overall ranking slipped from previously fourth position to eighth position recently in the world renewable energy attractive index as per Ernst & Young survey. This survey was for first quarter of 2013. The reason for such a decline in
Hydro Power – not renewable yet
Owing to sluggish capacity addition of hydro power projects in the country, the hydro sub group recently had recommended power ministry to declare all hydro power projects as renewable, which the later refuted. Currently only those projects, having an installed capacity
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
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
Wind Associations take weak RPO enforcement issue to APTEL
In the wake of the recent fear for a complete market failure of the Renewable Energy Certificate Markets in India, prominent wind power associations have knocked the doors of Appellate Tribunal for Electricity (APTEL) against various state and central electricity regulatory commissions. Indian Wind Energy Association and the Indian Wind Turbine Manufacturers Association, submitted a petition against regulatory commissions in the APTEL for weak enforcement of renewable purchase obligations (RPO), which was admitted by the APTEL.
REC mechanism which is the only scheme presently available for Wind power investors to offset their additional cost of generating green power, after withdrawal of the GBI scheme and the AD benefit has come to the verge of a total collapse. A mechanism which was proposed to encourage the growth of renewable energy in the total energy mix of the nation has failed to draw enough buyers in the recent trade sessions. January 2013 trading session witnessed a total volume cleared of mere 1,93,337 RECs leaving an inventory of 17.8 lakh RECs (for detailed REConnect's Analysis refer).
According to an article in Business line (refer) , the petition read as – “ Such non-compliance is continuing with the silent approval of various State Commissions, at the cost of the renewable energy generators. The petitioners fear that such non-compliance, if permitted to go unchecked, may ultimately lead in the failure of the renewable energy certificate market,” With just over a month left before the current financial year coming to an end, market sentiments rely heavily on the much awaited push from the government to revive the mechanism.