Dear Reader,
?We are please to present OPEN ACCESS – our monthly newsletter that covers important developments in the renewable energy markets. This month’s newsletter covers:
?The newsletter can also be downloaded by clicking?here?–?or past newsletters from?here.
We hope you enjoy reading the newsletter. Please send us comments and feedback.
?Regards,
?Team REConnect
]]>Dear Reader,
We are pleased to present Open Access Vol. 41 – our monthly newsletter covering RECs and regulatory – market developments in the renewable energy space.
Key points covered in this newsletter are:
1) Our analysis on the likelihood of RPO enforcement in FY 2014-15.
2) Regulatory updates including KERC’s final APPC for FY14 & FY15 (interim) & JSERC order on declaration of Bokaro Steel Plant’s CPP as Cogeneration unit.
3) Analysis of the most recent trading session of RECs and capacities in the REC mechanism.
The newsletter is attached with this email and also can be found on our webpage –?http://www.www.slotln.online/newsletter/past-newsletters/
We hope that you find the newsletter a useful read. Do provide us feedback.
Regards,
– Team REConnect
]]>Dear Reader,
We are pleased to present Open Access Vol 40 – our monthly newsletter covering RECs and regulatory and market developments in the renewable energy space.
Key points covered in this newsletter are:
?1) Two important announcements – Infuse Ventures – a clean tech focused venture capital fund invested in REConnect Energy, and 2) The scheduling and forecasting team reached an important milestone of sending over 15,000 schedules till date. This milestone was achieved in a short span of 8 months.
?2) A detailed analysis of the REC markets in FY 2013-14
?3) Regulatory updates including important changes in RPO regualtions in Gujarat and Rajasthan
?4) Analysis of the most recent trading session of RECs and capacities in the REC mechanism
?The newsletter can also be downloaded by clicking here –?or past newsletters from here.
?We hope you find the newsletter a useful read. Do provide us feedback.
?Regards,
– Team REConnect
]]>We are pleased to present the?39th?Volume?of?“OPEN?
The present?volume?covers analysis on following main topics:
To access the current volume (OPEN ACCESS Vol. 39) please Click Here
To read past volumes of our newsletter please follow this link.
We hope you will find this?volume?of?OPEN-ACCESS?an insightful read. As always, look forward to your feedback and continued support.
Regards,
Team REConnect
]]>To access the current volume (OPEN ACCESS Vol. 38) please Click Here.
To read past volumes of our newsletter please follow this link.
We hope you will find this?volume?of?OPEN-ACCESS?an insightful read. As always, look forward to your feedback and continued support.
Regards,
Team REConnect
We hope you will find this?volume?of?OPEN-ACCESS?an insightful read. As always, look forward to your feedback and continued support.?
?
Regards,
Team REConnect
What is RRF?
The Renewable Regulatory Fund (RRF) regulations require wind and solar projects that meet certain criteria to forecast and schedule their power on a day-ahead basis. This requirement will have significant operational and financial implications for the projects – the task of forecasting wind and solar power which are essentially variable in nature and dependent on many site-specific weather factors is complex in nature. At the same time, the scheduling, reconciliation and financial settlement requirements will also require on-ground coordination and liaisoning.
For basics on RRF mechanism, see our past newsletter –?Newsletter Vol. XIV October 2011
What are the challenges faced by projects in implementing forecasting and scheduling?
As per order from CERC of Jan 2013, projects were required to start forecasting and scheduling their power from July 1, 2013. However, certain challenges remain that need to be ironed out (see last section).
There are several approaches and models for forecasting generation. It will be very important for projects to choose the appropriate one keeping in mind the accuracy required and operational costs (that can go up significantly depending on the level of real-time data needed). Solar projects in general should opt for correlation based models with basic weather data inputs considering the relative stability in day-to-day generation and no financial implications for deviations. Wind projects must choose carefully between very sophisticated real-time forecasts (which are expensive to run) and models that balance past data with periodic generation inputs.
Once fully functional, projects will need to ensure that they forecast and schedule their power, and also have a ‘Coordinating Agency’ appointed to manage the logistical requirements for scheduling, reporting and settlement.
The scheduling and forecasting has to be done on a pooling substation basis, which will often have turbines with multiple owners. The task of ‘de-pooling’ so that the settlement of charges can be done appropriately amongst all the owners within the wind farm will also be a challenging one.? The data flow diagram for a typical forecasting mechanism can be explained below:
What is the status of implementing RRF???
The most recent pronouncement from CERC required RRF to be operational from July 1, 2013. However, based on our on-ground experience several challenges remain:
Project level – the level of accuracy achieved by various projects that have done trials leaves a lot to be desired. In such a scenario, projects may immediately face financial obligations
Infrastructure level – challenges remain in preparedness at all levels – at the coordinating agency and at some SLDCs in terms of preparedness. Various wind farms also have multiple owners, and de-pooling and the relevant reporting and contractual requirements are not yet in place in the majority of cases.
Clarity in regulations – CERC order of Jan 2013 stated as follows:“
We direct the staff of thee Commission to initiate the process for necessary amendments to the Grid Code in the light our decisions given in this Order. We direct NLDC to align the “Procedures for implementation of the mechanism of Renewable Regulatory Fund”” in accordance with our above directions and put up thee revised Procedures for approval of the Commission expeditiously. All concerned agencies are directed to gear up for implementation of the RRF mechanism w.e.f. 1.7.2013.
Pooling stations are to be regarded as “building blocks” as per recent order. Applicability of RRF is on pooling stations commissioned after May 3rd 2010. In case a pooling station was commissioned (say) 20 years back and two new feeders have been connected to the same after May 3rd 2010. Will the new feeders be eligible for participating in RRF mechanism?
At present, there is nothing strongly mentioned to address his particular issue as per current orders and same needs clarity as far as the operationability is concerned.
For full details of requirements under RRF and services offered in RRF management by REConnect, please contact us at?[email protected].
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