The REC trading for the month of January 2012, concluded yesterday. Keeping up with the trend last, the opening month of this year has posted strong gains in both price and volume. The total non-solar REC volume traded surged to 1,71,524 RECs, showcasing an impressive 53% growth over last month’s trading session. In total 1,71,524 [...]

The REC market in India which is currently worth Rs. 30 crores, is expected to reach Rs. 100 crores (monthly traded amount) by year end 2012 – a number quoted by one of the top officials at MNRE. As discussed earlier, the clearance price of the REC certificates has been increasing steadily each month over [...]

The REC trading for the month of December concluded yesterday. The results of the trading session are hearting. Non-solar REC reached record trading volumes at IEX with the traded volume peaking at 1,05,942 RECs In total 1,11,621 RECs were sold. IEX extended their dominance in the REC trading market with 1,05,952 (95%) RECs traded while [...]

Long reeling under indefinite delays and lack of consensus at the various talks, the Kyoto protocol has been given a new lease of life. The protocol, set to expire in 2012 had not been renewed for some time now as the various nations of the world could not agree on the contents of a legally [...]

The call for RfP concluded today and the bid prices were disclosed. Preliminary information suggests that the tariffs were in the region of about Rs. 7.49 per kWh to Rs. 9.39 per kWh (concrete numbers will be known at a later time). Some sources suggest that the lowest price was quoted by Solar Direct, Welspun [...]

The REC trading for the month of November concluded yesterday. Figures reveal that the trading has increased significantly both in volume of RECs traded as well as the price. In total 105,527 RECs were sold. Keeping with the trend of previous months, IEX had a higher share of the market with 96,154 (90%) RECs traded [...]

The 2nd Annual Renewcon India 2011 conference took place in Mumbai from 27-30 September 2011. The 4 day event covered the three segments of renewable energy – Solar, Wind and Waste-to-Energy. The event was attended by regulators, renewable energy industry leaders, the financial community and aspiring entrepreneurs. Speakers included some of the industrial leaders like [...]

The REC trading for the month of September concluded recently. Trading figures reveal that the trading has increased significantly both in volume of RECs traded as well as the price. In total 46,362 RECs were sold. Keeping with the trend of previous months, IEX had a higher share of the market with 41,385 (89%) RECs [...]

The Central Electricity Regulatory Commission(CERC) has announced the floor and forbearance prices to be used for solar/non-solar projects from the FY 2012-13 upto 2016-17. The prices set are shown in the table below Non Solar (Rs.) Solar (Rs.) Prices (2012-2017) Current % Reduction Prices (2012-2017) Current % Reduction Forbearance Price 3300 3900 15.38 13400 17000 [...]

The REC trading for the month of June 2011 took place on 29th June. Indian Energy Exchange (IEX) once again saw the majority of trading happening whereas trading at  Power Exchange India Limited (PXIL) was subdued. The table below provides the summary of the trading at these two exchanges. June 2011 Non-solar REC Solar REC [...]

The Central Electricity Regulatory Commission (CERC) is inviting comments and suggestions for the revision of the price band for the Renewable Energy Certificates (RECs) traded at the power exchanges. The hearing is scheduled for 14.07.2011 and comments/suggestions can be sent by the stakeholders by 05.07.2011. Given below are the details of the proposed revised price [...]

The REC trading for May 2011 took place on 25th May (Last Wednesday of the month). The following are the details of the REC trading for the month at the two exchanges – Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). May 2011 Non-solar REC Solar REC Total Buy Bids Total Sell Bids [...]

The trading of Renewable Energy Certificates (REC) s in India started successfully on 30th March 2011. A detailed review of the first trading day is available at http://bit.ly/fg7Dtu . REC trading is scheduled to take place on the final Wednesday of every month. The REC trading for the month of April 2011 took place on [...]

Click here to read Part I of the article. Solar Sector Solar was the most talked about sector in 2010 and there was a rush from different entities to enter this sector and profit from its growth. This was very evident when the NTPC Vidyut Vyapar Nigam (NVVN) issued request-for-selection (RfS) document for a total [...]

The trading of Renewable Energy Certificates (REC), one of the key growth drivers for the Renewable energy industry, has successfully started in India. The RECs were traded in 2 of the major power exchanges – Indian Energy Exchange (IEX) and Power Exchange India Limited(PXIL). For readers new to the subject, here are some basics. You [...]

The Forum of Regulators (FOR), an electricity regulatory body has introduced renewable energy certificates for renewable energy generators with capacity untied in power purchase agreements (PPA). This certificate will be issued only to renewable energy generators and the purchase of the certificate would be considered as purchase of renewable energy. The generators would have an [...]