Review of REC Trading-November,2011
Unlike in October, the November REC trading session had few surprises. Prices increased marginally on IEX (From Rs 2,700 to Rs 2,900), while it fell on PXIL (from 3,000 to 2,800). Total volume sold increased from approximately 95,000 to
GEDA is Directed to Monitor RPO In Gujarat
The Gujarat Electricity Regulatory Commission (GERC) has directed the state nodal agency GEDA to the renewable power purchase obligation on regular basis and submit the report to the Commission quarterly basis. We believe this is an encouraging step, albeit a small
Launching India's First Online RPO Calculator
We are pleased to present the online RPO calculator. Its a first of its kind tool in India (and possibly in the world!), and will help you plan and manage your RPO liability in a easy and effective manner. We developed
Review of REC Trading-October 2011
The highlight of this trading session was the increase in volumes (95,504 RECs sold versus 46,362 last month) and price (Rs 2710/ REC*). The increase in cleared volume of 106% is significant, particularly as increase in volume offered for sale increased
Power Exchanges Raise REC Trading Charges
IEX and PXIL have raised trading charges across most categories of power trading products. However, REC trading charges have only been revised by IEX. REC trading charges at IEX are now Rs 20/REC (up from Rs 10/REC). At PXIL, charges remain
Renewable Energy Certificates needs market push
In an article of The Hindu Business Line the current scenario of the Renewable Energy Certificates market of the country and its upcoming challenges was highlighted. With an extra one-and-a-half paise added into accounts of people who put up renewable energy capacities such as windmills, biomass and solar plants is an attractive return, justifying their investments. However, for this to work, a key parallel activity is the development of a robust market for renewable energy certificates and here is where action is needed urgently now.
REC Trading Update – August 2011
In August's REC trade, both prices and demand volume increased significantly from last month. REC demand last month was about 96,000, while it almost doubled to over 183,000 in August. This is perhaps the most significant indicator for the REC markets,
Himachal Pradesh RPO regulation's first amendment
Honorable Himachal Pradesh Electricity Regulatory Commission (HPERC) declared its Renewable Power Purchase Obligation regulation's first amendment. Following are the key highlights of the regulation: Previously the RPPO was defined till financial year 2011-13, now they have changed and declared the new RPPO
REC Trading Date for August and October 2011 Amended
Since the last Wednesday, the usual day for RECs trading, in August and October is a holiday, CERC has clarified that trading will take place on the next working day. The order can be found here.
TNERC's Regulation on REC/RPO
Honorable Tamil Nadu Electricity Regulatory Commission (TNERC) declared its much awaited RPO/REC amendment regulation. Following are the key highlights of the regulation: RPO Reduced from 14% to 9% (8.95 Non-Solar + 0.05% Solar) for FY 2011-12 Eligibility Criteria for RE CPP as per