Solar REC Trading Soars in February 2020
There was a significant increase in the trade volume of both solar and non-solar renewable energy certificates (RECs) in February. A cumulative sum of 1,299,737 solar RECs was traded on ...
Assam: Solar RPO of 1% Applicable to Captive Power Projects Commissioned Before 2016
The Assam Electricity Regulatory Commission (AERC) has notified that for captive power projects (CPPs) which were commissioned before April 1, 2016, the renewable purchase obligation (RPO) will be 1% for ...
Tata Power Seeks to Procure 150 MW of Non-Solar Renewable Power on a Short-Term Basis
Tata Power-Delhi Distribution Limited (TPDDL) has issued a request for proposal (RfP) for procuring up to 150 MW of renewable (non-solar) power on a short-term basis for meeting its renewable ...
Solar REC Trading Rises in January 2020
Entities rushed to buy renewable energy certificates (RECs) to meet their renewable purchase obligations (RPOs) in January 2020. A cumulative sum of 76,220 solar RECs was traded on the Indian ...
Solar REC Trading Volume Improved in December 2019
In December 2019’s renewable energy certificate (REC) trading session, there was a significant increase in the number of solar RECs that were traded when compared with the previous month of ...
Kerala Commission asks DISCOM to Modify PSA for 200 MW of Wind Projects Signed with SECI
In response to a petition filed by the Kerala State Electricity Board (KSEB) for the approval of a power sale agreement (PSA) with the Solar Energy Corporation of India (SECI), ...
Uttarakhand DISCOM Allowed to Use Surplus Non-Solar RPO to Meet its Solar RPO Deficits
The Uttarakhand Electricity Regulatory Commission (UERC) has allowed Uttarakhand Power Corporation Limited (UPCL) to carry forward the surplus non-solar renewable purchase obligations (RPO) of the financial year (FY) 2019-20 to ...
Maharashtra Commission Approves a Tariff of ₹3.10/kWh for 7 MW of Solar Projects
The Maharashtra State Power Generation Company Limited (MSPGCL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) recently approached the Maharashtra Electricity Regulatory Commission (MERC) seeking its approval for the adoption ...
Maharashtra to Procure 500 MW of Wind Energy with a Tariff Cap of ₹2.95/kWh
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a tender to procure 500 MW of wind power through a competitive bidding process. The distribution company intends to meet ...
Demand for Solar and Non-Solar RECs Increased in July 2019
In July’s renewable energy certificate (REC) trading session, there was a rise in the number of solar and non-solar RECs that were traded. A total of 129,056 solar RECs were ...
CERC Overlooks Procedural Delays, Grants RECs to Captive Generator in Uttar Pradesh
In a recent order, the Central Electricity Regulatory Commission (CERC) directed the National Load Dispatch Centre (NLDC) and Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to issue the ...
PPA for 12 MW Waste Gas-Based Captive Project Approved in West Bengal
The West Bengal Electricity Regulatory Commission (WBERC) has approved the power purchase agreement (PPA) for a 12 MW waste gas-based power generation project in the state. The commission had received ...
India’s REC Inventory Almost Exhausted, What’s Next?
The month of June 2019 witnessed the near exhaustion of the entire renewable energy certificate (REC) inventory on both the energy exchanges, namely the Indian Energy Exchange (IEX) and the ...
Uttar Pradesh Proposes Solar RPO at 2% for 2019-20
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has proposed amendments to its Renewable Purchase Obligation (RPO) Regulations. The regulations were issued in 2010 to facilitate the growth of renewable energy ...
Uttar Pradesh DISCOMs Ordered to Submit Roadmap for Solar and Non-Solar RPO Fulfilment
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has ordered its electricity distribution company to respond to its suo moto proceedings about meeting renewable purchase obligation (RPO) targets as per regulations ...
Solar RECs Traded at the Price of ₹2,000 in IEX and PXIL During May 2019
Entities rushed to buy renewable energy certificates (RECs) to fulfill their renewable purchase obligations (RPOs) in May 2019. This led to solar RECs being traded at ₹2,000 (~$28.68)/REC on both ...
CERC Extends Validity of RECs Due to Expire between April and October 2019
Providing relief to renewable energy generators of both solar and non-solar projects who are a part of the renewable energy certificate (REC) mechanism, the Central Electricity Regulatory Commission (CERC) has ...
Adani Electricity Mumbai Has Time Until March 2020 to Comply with RPO
Government agencies in India are taking renewable purchase obligation (RPO) compliance cases seriously, and entities are being brought to task by state electricity regulatory commissions after the creation of RPO ...
Maharashtra Asks Entities Including BEST and Indian Railways to Comply with Their Solar RPO
The Maharashtra Electricity Regulatory Commission (MERC) has ordered five entities to comply with their solar and non-solar renewable purchase obligation (RPO) requirement for Financial Year (FY) 2017-18 in FY 2018-19. The ...
Low REC Inventory Pulls Trading Numbers Down in March 2019
After surging in February 2019, the trade in solar renewable energy certificates (RECs) declined in March 2019. The decline in the number of RECs traded is a result of low ...
Maharashtra DISCOM Allowed Time Until March 2020 to Comply with Solar RPO for FY 2017-18
In an unusual ruling, the Maharashtra Electricity Regulatory Commission (MERC) has ordered Maharashtra State Electricity Distribution Company Limited (MSEDCL) to comply with its solar renewable purchase obligation (RPO) requirement for FY ...
February 2019 Records High Activity in Solar and Non-Solar REC Trading
After the decline in trading numbers in January 2019, trade in solar RECs spiked massively in February 2019. In February 2019, a total of 408,764 solar RECs traded on the ...
Uttar Pradesh Targets 3.2 GW of Solar Power by March 2021
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has initiated a Suo-moto proceeding to review the fulfillment of renewable purchase obligations (RPO) by the obligated entities. Earlier, the Uttar Pradesh Power Corporation ...
REC Trading Trend Reverses in December: Solar Trade Spikes While Non-Solar Slumps
Renewable energy certificates trading (RECs) on the energy exchanges in India witnessed a reversal of trends in the last month of 2018. While trading activity in solar RECs spiked in ...
Maharashtra’s MSEDCL to Procure 50 MW of Biomass Power Through Reverse Auction
The Maharashtra Electricity Regulatory Commission (MERC) has approved a petition filed by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term procurement of 50 MW of biomass power ...
