Vedanta to Source 691 MW of Renewables Through Open Access

Vedanta to Source 691 MW of Renewables Through Open Access

The Vedanta Group said it will source 600 MW of solar and 91 MW of hybrid renewable power through open access under the captive mode for its various operations across ...
CERC Allows Hydropower Contracts in Green Term-Ahead Market on HPX

CERC Allows Hydropower Contracts in Green Term-Ahead Market on HPX

The Central Electricity Regulatory Commission (CERC) has approved Hindustan Power Exchange’s (HPX) plea for the introduction of hydropower contracts in the Green Term-Ahead Market (GTAM) beyond T + 11 days ...
/ / Other, Renewable Energy
PXIL to Start Trading Daily, Weekly and Monthly Contracts in Renewable Power

PXIL to Start Trading Daily, Weekly and Monthly Contracts in Renewable Power

Power Exchange India Ltd (PXIL) has introduced the ‘daily, weekly and monthly contracts’ in its proprietary contract system ‘PRATYAY’ for conventional power transactions. Market participants will now be able to ...
Power Exchanges Allowed Time to Implement Clearing and Settlement Mechanism

Power Exchanges Allowed Time to Implement Clearing and Settlement Mechanism

The Central Electricity Regulatory Commission (CERC) has granted time for one more year from August 15, 2022, for power exchanges to align their clearing and settlement system to the Payment ...
/ / Grid, Market & Policy
Ministry Mulls Introducing High Price Day-Ahead Market in Power Exchanges

Ministry Mulls Introducing High Price Day-Ahead Market in Power Exchanges

The Ministry of Power (MoP) has proposed the introduction of a high price market segment for the day ahead market (HPDAM). The stakeholders have time until August 21, 2022, to ...
/ / Grid, Market & Policy
CERC Approves Methodology for Price Discovery on Hindustan Power Exchange

CERC Approves Methodology for Price Discovery on Hindustan Power Exchange

The Central Electricity Regulatory Commission (CERC) recently directed the Hindustan Power Exchange to use the ‘Uniform Price Step Auction’ as a matching methodology for price discovery in daily and weekly ...
/ / Grid, Market & Policy
CERC Approves Introduction of Month-Ahead Contracts on Power Exchange India

CERC Approves Introduction of Month-Ahead Contracts on Power Exchange India

The Central Electricity Regulatory Commission (CERC) recently approved Power Exchange India’s (PXIL) proposal to introduce delivery-based monthly contracts, which can be traded on one month, two-month, and three-month ahead basis ...
/ / Grid, Market & Policy
BHEL Invites Bids for Trading Renewable Energy Certificates at Power Exchanges

BHEL Invites Bids for Trading Renewable Energy Certificates at Power Exchanges

Bharat Heavy Electricals Limited (BHEL) has invited bids from traders to procure renewable energy certificates (RECs) from the National Load Despatch Center (NLDC) and trade them at the power exchanges ...
Daily News Wrap-Up: SBI Partners with Tata Power to Finance Solar Projects

Daily News Wrap-Up: SBI Partners with Tata Power to Finance Solar Projects

Here are some noteworthy cleantech announcements of the day from around the world: State Bank of India (SBI) launched a dedicated centralized processing cell - ‘Surya Shakti Cell,' in partnership ...
/ / Other, Renewable Energy
Commission Sets ₹2.49kWh as Average Power Purchase Costs for Himachal DISCOMs

Commission Sets ₹2.49/kWh as Average Power Purchase Costs for Himachal DISCOMs

The Himachal Pradesh Electricity Regulatory Commission (HPERC), in its recent order, has set ₹2.49 (~$0.033) as the average power purchase cost (APPC) for the financial year 2021-22 under the renewable ...
/ / Other, Renewable Energy
Vedanta Aluminium Procured 2 Billion Units of Renewable Energy in 2021

Vedanta Aluminium Procured 2 Billion Units of Renewable Energy in 2021

Indian aluminum producer Vedanta Aluminium Business announced that it has become India's largest industrial consumer of renewable energy. The company led renewable energy procurement on India’s power exchanges like Indian ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Grasim Industries Acquires 26% Stake in Aditya Solar Power

Daily News Wrap-Up: Grasim Industries Acquires 26% Stake in Aditya Solar Power

Here are some noteworthy cleantech announcements of the day from around the world: Grasim Industries Limited, the textile arm of the Aditya Birla Group, has acquired equity shares of ABReL ...
/ / Other, Renewable Energy
CERC Approves Introduction of Green Day Ahead Contracts on Energy Exchanges

CERC Approves Introduction of Green Day Ahead Contracts on Energy Exchanges

The Central Electricity Regulatory Commission (CERC), in a recent order, approved the introduction of the Green Day Ahead Contract (GDAC) at the Indian Energy Exchange (IEX) and the Power Exchange ...
/ / Markets & Policy, Solar
CERC Approves Registration of India’s Third Power Exchange

CERC Approves Registration of India’s Third Power Exchange

The Central Electricity Regulatory Commission (CERC) has granted Pranurja Solution Limited (PSL) registration right to establish and operate a power exchange. It would make PSL the third power exchange in ...
/ / Grid, Market & Policy
IOCL

Indian Oil Invites Bids for Trading of Non-Solar RECs from 72 MW of Wind Projects

The Indian Oil Corporation Limited (IOCL) has invited bids from traders to sell 176,262 non-solar renewable energy certificates (RECs) generated from 72.3 MW of wind power projects in Rajasthan through ...
/ / Other, Wind
Solar Renewable Energy Certificates Trading Spikes in June

Solar Renewable Energy Certificates’ Trading Spikes in June

There was a surge in the trading of solar renewable energy certificates (RECs) in June 2020 compared to the previous month despite the ongoing COVID-19 crisis and the subsequent lockdown ...
After Two Months of Lows, Solar REC Trading Gathers Speed in May 2020

After Two Months of Lows, Solar REC Trading Gathers Speed in May 2020

There was a considerable increase in the trading of both solar and non-solar renewable energy certificates (RECs) in May 2020 compared to the last month. This increase comes as a ...
PXIL and IEX Launch Real-Time Market for Electricity Transactions

PXIL and IEX Launch Real-Time Market for Electricity Transactions

The Power Exchange India Limited (PXIL) and Indian Energy Exchange (IEX) have started their real-time market (RTM) trading platforms for electricity transactions on June 1, 2020. The real-time market is ...
COVID-19 Pandemic Takes a Toll on Solar REC Trading in March

COVID-19 Pandemic Takes a Toll on Solar REC Trading in March

March witnessed a significant drop in trading volume of solar as well as non-solar renewable energy certificates (RECs). As the country fights the outbreak of Coronavirus. Markets all around the ...
/ / Other, Renewable Energy
Indian Solar Industry – Cautiously Optimistic

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 ...
/ / Other, Renewable Energy
Expiring Solar and Non-Solar RECs Will Now Remain Valid up to March 31, 2020

Expiring Solar and Non-Solar RECs Will Now Remain Valid up to March 31, 2020

The Central Electricity Regulatory Commission (CERC) has extended the validity of renewable energy certificates (RECs), which have or are due to expire shortly. The Commission observed that the RECs that ...
/ / Markets & Policy, Solar
Traded Volumes of Solar RECs Witness 45% Decline in November 2019

Traded Volumes of Solar RECs Witness 45% Decline in November 2019

In the November 2019 renewable energy certificate (REC) trading session, there was a significant decrease in the number of solar and non-solar RECs that were traded when compared with the ...
/ / Markets & Policy, Solar
October’s Solar REC Trading Sees Record High Price of ₹2,400

October’s Solar REC Trading Sees Record High Price of ₹2,400

In October’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded compared with the trading activity recorded in ...
/ / Markets & Policy, Solar
Solar REC Price Spikes to a Record ₹2,250 in September 2019

Solar REC Price Spikes to a Record ₹2,250 in September 2019

In September’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded when compared to trading activity in August ...
/ / Markets & Policy, Solar
Solar Renewable Energy Certificate Trading Reduces by Half in August 2019

Solar Renewable Energy Certificate Trading Reduces by Half in August 2019

In the August 2019 renewable energy certificate (REC) trading session, there was a significant fall in the number of solar and non-solar RECs that were traded compared to July. A ...
/ / Markets & Policy, Solar