Updates from 39th FOR meeting
The following are the key issues discussed w.r.t REC markets - The concept of REC multipliers for solar was endorsed in principal. It was also decided that a detailed note be prepared on the desirability and feasibility of merger of solar and
CERC notifies changes to REC procedures
CERC recently notified revised procedures for REC mechanism through an order dated 17th Feb 2014. Following are the changes: 1. REC registration applications a. Recommendation by SA for Registration of Project under REC Mechanism in the format prescribed to be furnished along
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
REC Trading Report – September 2013
Renewable energy credit trading in September’13 seemed to keep the investors in the mechanism, interested. Demand of both type of RECs i.e. solar as well as non-solar, was observed to be better than last month. Total RECs available in the
REC Trading Report – August 2013
Market continued to perform poorly as prices remained at floor for both non solar and solar RECs. There were major pronouncements this month on the RPO front which includes one of the most industrialized like Maharashtra, coming with a stern compliance
REC Trading Report – July 2013
REC Trading on 31st July 2013 continued to follow the lackluster market scenario. Both non-solar credits (for 11th consecutive month) and solar credits (for 2nd consecutive time) traded at respective floor prices. As per the REC Registry, out of total
REC Trading Report – June 2013
“Precarious” is the word which best defines the REC trading sessions in India hitherto. June 2013 trading session continued its genealogy. Weak enforcement of RPO and falling demand for solar RECs has resulted in trading of both credits i.e Non