CERC Makes Drastic Changes in the REC Mechanism
In a recent notification, CERC (Central Electricity Regulatory Commission) published new REC regulations.? These regulations differ in many significant ways from the existing REC regulations. A brief summary is provided below: It is important to note that these regulations, though final, are
CERC Proposes Drastic Changes in the REC Mechanism
In a recent announcement, CERC (Central Electricity Regulatory Commission) published the draft? Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022. Comments are due by 15th March 2022. Key Changes provisioned in the
Power Minister approves Revamped REC Mechanism
On 29 September’21 , the Union Minister of Power and New & Renewable Energy has given his assent to the amendments in the existing Renewable Energy Certificate (REC) mechanism. In order to align with the emerging changes in the power sector
Redesigning REC Mechanism – A review on discussion paper by MoP
Recently the Ministry of Power came up with a Discussion Paper on redesigning the “Renewable Energy Certificate (REC) Mechanism”, which is open for public consultation till 25th June 2021. There are some sweeping changes proposed to the existing REC mechanism. The
Ministry of Power introduces Hydro power purchase obligation
With the objective to add 30,000 MW of hydropower capacity by the year 2029-2030, the Ministry of power(MoP) has announced a revised trajectory of RPO.?Under the new trajectory, MoP introduces the Hydro power purchase obligation(HPO) considering the Large Hydro power
CERC Approves modified REC Procedure for Issuance
The Central Electricity Regulatory Commission (CERC) recently approved the modification in REC procedure for issuance. The objective of this procedure is to provide guidance to the entities eligible under “CERC REC Regulations, 2010”? This procedure will be applicable to RE Projects
CERC Announces New Forbearance & Floor Price for REC Framework, 2020
The Honorable CERC published the final order on revised price bands for RECs?which will be valid from July 1, 2020 onwards and shall remain in force till June 30, 2021 or until further orders of the Commission. The new floor
REC Trade Result – May 2020
The May trade session saw the Non-solar clearing price maintaining a low profile at the floor price of INR 1,000 (Since March 2020, consecutively for the second month, the non-solar clearing price are at the floor price)? at both the
Karnataka extends Renewable Purchase Obligation timeline for Obligated Entities
In a recent announcement, the Karnataka Electricity Regulatory Commission gave an extension to the obligated entities under the Renewable Purchase Obligation (RPO)? mechanism to fulfill their obligations. According to the order published on 13th May 2020, the obligated entities as
Punjab Government proposes reduction in the RPO compliance for FY 2019-20 and FY 2020-21
As the country fights an unprecedented crisis, the Punjab Government recently took some steps to give some relief to the medium & large scale industries.? Due to the mandatory lock down in these industries, the state government issued an order