Goa Issues Net Metering Regulations for Solar Projects
The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories has finalized the net metering regulations. The new rules have been in effect since July 24, ...
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 ...
Maharashtra DISCOM to Amend EPAs for Purchase of 500 MW of Wind Power
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has received the approval it sought from the Maharashtra Electricity Regulatory Commission (MERC) for deviations in the standard bidding document for the ...
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 ...
National Load Despatch Center Asked to Review and Issue RECs to Gujarat Wind Developer
The Central Electricity Regulatory Commission (CERC) has issued an order in favor of wind developer Enn Enn Corp Limited which had filed a petition against the rejection of its request ...
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 ...
India’s NBFC Crisis Exacerbating Financing Challenges for Utility-Scale Solar Projects
Since September 2018, India’s Non-Bank Financial Companies (NBFC) have been in a crisis after Infrastructure Leasing, and Financial Services (IL&FS) admitted to defaulting on several payments to its creditors, consequently ...
IEX Introduces Green Term Ahead Market, Invites Comments from Stakeholders
The Central Electricity Regulatory Commission (CERC) has ordered the Indian Energy Exchange (IEX) to give wide publicity to Green Term Ahead Market (GTAM) contracts by uploading it on its website ...
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 ...
In Bihar, DISCOMs Penalized for Not Fulfilling RPO Shortfall
Recently, the Bihar State Power Holding Company Ltd. (BSPHCL) wrote to the state’s electricity commission BERC seeking its approval to carry forward the shortfall in the renewable purchase obligations (RPO) ...
CERC Requests National Load Despatch Center to Issue RECs for a 1.5 MW Wind Project
The Central Electricity Regulatory Commission (CERC) has ordered the national load despatch center (NLDC) to issue renewable energy certificates (RECs) for a 1.5 MW wind energy project. The CERC issued ...
Renewable Energy Generators Approach Delhi High Court over Levy of GST on RECs
After paying GST of 12% on renewable energy certificates (RECs), renewable energy project developers who are part of the REC mechanism have approached the Delhi High Court to provide relief ...
CERC Asks National Load Despatch Centre to Issue RECs for Commissioned Renewable Projects
The Central Electricity Regulatory Commission (CERC) has ordered the national load despatch centre (NLDC) to issue renewable energy certificates (RECs) for a small hydro project of capacity 10 MW and ...
Generic Tariff for Municipal Solid Waste to Energy Projects in Tamil Nadu Set at ₹6.28/kWh
The Tamil Nadu Electricity Regulatory Commission (TNERC) has set the generic tariff for the procurement of power from municipal solid waste projects in the state at ₹6.28 (~$0.088)/kWh without accelerated ...
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 ...
Rajasthan Amends Regulations for REC and RPO Compliance Framework
The Rajasthan Electricity Regulatory Commission (RERC) has issued new amendments to its regulations on renewable energy certificate and renewable purchase obligation compliance framework passed in 2010. The new regulations will ...
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 ...
Price of Solar REC Shoots Up in January 2019
After increasing in December 2018, the trade of solar renewable energy certificates (RECs) declined in January 2019. However, the cost of solar RECs shot up during the month. In January ...
Power Finance Corporation’s Acquisition of 52% Stake in REC Approved
The Competition Commission of India has announced that it has approved Power Finance Corporation’s (PFC) acquisition of 52% stake in Rural Electrification Corporation (REC). In December 2018, the acquisition received ...
Rajasthan Sets ₹2.67/kWh As Price of Energy Supplied to DISCOMs Under REC Mechanism
The Rajasthan Electricity Regulatory Commission (RERC) has issued a notice inviting suggestions from interested parties before finalizing its Renewable Energy Certificate (REC) and Renewable Purchase Obligation (RPO) Compliance Framework (Third ...
Delhi’s Draft RPO and REC Regulations Make Way for Stricter Implementation
The Delhi Electricity Regulatory Commission (DERC) has issued draft regulations for the implementation of renewable purchase obligation (RPO) and renewable energy certificate (REC) framework. The draft is up for comments ...
Andhra Pradesh’s New Solar Policy Targets 5 GW of Projects in Five Years
Andhra Pradesh has come up with a new solar policy with the aim to promote widespread usage of solar power and targets a minimum total solar power capacity addition of ...
CERC Seeks Consultants to Study Regulatory Impact of REC Mechanism
The Central Electricity Regulatory Commission (CERC) has published the terms of reference for the study of regulatory impact of renewable energy certificate (REC) mechanism. REC, which was designed to facilitate inter-state ...
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 ...
Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation
The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
