Sales of renewable energy certificates tumbled over 35 per cent to 2.37 lakh units in April compared to 3.68 lakh in the same month a year ago, according to official data. Read more here.
Renewable Energy Certificate(REC) sales down 35% in April 2020 Read More »
Following the steep downward revision of REC prices and the removal of vintage multiplier by the Central Electricity Regulatory Commission(CERC) (details of the CERC order here), several REC-generator filed petitions in Supreme Court seeking relief. Based on the petition, Supreme Court has stayed the new price regime and also stayed the trading. According to Business
The Central Electricity Regulatory Commission(CERC) has released the final order on the REC forbearance and floor prices for Solar and non-Solar RECs. This follows the draft order released earlier in March 2017(more here) and the subsequent feedback from the industry stakeholders. The new price range, effective from 1st April 2017 till further notice, is as
Renewable Energy Certificates – Final price band released by CERC Read More »
Forbearance price of Solar RECs is proposed to fall below that of Wind RECs in the revised tariff range for RECs with effect from April 1, 2017 as announced by the Central Electricity Regulatory Commission(CERC). Forbearance price of Solar RECs will be Rs.2500/MWh whereas the forbearance of non-Solar RECs will be Rs. 2900/MWh. The floor price
Renewable Energy Certificates – Solar REC prices proposed to be dropped by more than 50% Read More »
The Central Electricity Regulatory Commission(CERC) has released the final order for the reduction of the REC prices(Third Amendment). With this, CERC has removed one of the major obstacles that prevented Obligated Entities(OEs) from buying Solar RECs. The CERC had released a draft proposal in October 2014(more details here), and after taking the inputs from the stakeholders, the
Solar REC prices reduced by about 60%; Vintage Multipliers introduced Read More »
The Central Electricity Regulatory Commission(CERC) has finally come up with a solution to revive the dysfunctional solar REC markets by addressing the biggest challenge – the high price band for Solar RECs.(The inventory of RECs – non-solar and solar – crossed the 1 Crore mark at the end of the last trading session on September
Solar REC prices proposed to be cut by about 60%; Vintage Multipliers to be introduced Read More »
I don’t know which one is a bigger farce – the REC mechanism, or me writing month after month about the REC trading, but I am inclined to believe that the first option is the bigger farce. With that out of the way, here comes the details of the REC trading for this month. As
With the state electricity regulators continuing to be unwilling or unable to enforce RPOs, the REC trading for July 2014 continued to be anemic. The MNRE and the regulators conducted a meeting earlier this month about ways to revive the RPO and REC mechanism, but other than adding one more complexity by the name Renewable
The REC trading session for the month – June 2014 concluded yesterday. The major story last month was the booming solar REC trade numbers which indicated growing interest in solar REC. However, solar REC trading dropped by about 22% this month compared to last month’s numbers. While the drop in solar REC trading is disheartening,
REC Trading – June 2014 – Nonsolar REC trading almost quadruples Read More »
The REC trading session for the month – May 2014 concluded today. Last month witnessed significant falls in trading in both solar and non-solar RECs. While the non-solar REC traded volumes fell by about 63% this month, the traded volume of solar RECs almost doubled compared to last month’s numbers increasing by about 114%. The
REC Trading – May 2014 – Solar trading posts gains while non-solar dips Read More »
