Browsing All Posts filed under »Renewable Energy Certificates«

Summary of second amendment to REC regulations

April 6, 2013 by

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Central Electricity Regulatory Commission (CERC) suggested amendment in the existing REC regulations. The principal objective of the Amendment Regulations is to provide clarity on applicability of the regulations to eligible entities and bring in certain essential checks and balances in the REC related process. The summary of the draft amendments is given below; Reverse bidding […]

Renewable energy newsletter -October 2012

November 3, 2012 by

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Sustainable Development is Serious Business: Over the past decade, organizations worldwide have faced uncertain market conditions, declining natural resources, increasing cost of production and aggressive competition. This, coupled with rigorous regulatory and policy changes has added to the need for them to strengthen business foundations through sincere efforts at understanding and implementing business sustainability. As understanding […]

Renewable energy newsletter -September 2012

October 2, 2012 by

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September 2012 Highlights; Renewable Energy: Achievement and Bottlenecks:  Over the years, RE has grown steadily to become an important part of the country’s energy mix. Wind energy has achieved substantial size while solar energy is beginning to accelerate. For further growth however, major improvements in the country’s distribution  capabilities are required.  A number of steps have been taken to promote the electricity sector in […]

Renewable energy newsletter -August 2012

September 1, 2012 by

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August Highlights Off-grid Power: Off-grid renewable power projects using wind energy, biomass energy, hydro power and hybrid systems are being established in the country to meet the energy requirements of remote locations which are not likely to be electrified in the near future. The need for off-grid Power: According to the International Energy Agency, about […]

Renewable energy newsletter -July 2012

September 1, 2012 by

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International Markets for Renewable Energy Renewable Energy Certificates (RECs) were introduced in India in 2010 to promote Renewable Energy Sources and to support Renewable Purchase Obligation mechanism. Since trading started in March 2011, the market has taken off well and has matured over the period. Globally, Europe and United States are the biggest markets of […]

REC Trading – Financial Year Ends on a Quiet Note

March 30, 2012 by

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The last REC trading session for FY11-12 ended on a rather subtle note. The buy bids at the IEX saw a drop of 24% from the last trading session and there was no noticeable rise in sell bids and final volume traded. At PXIL, buy bids went up by 80% while the sell bids and […]

REC Trade in February – Prices stable towards end of Financial Year

March 1, 2012 by

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Trade volumes and value reach new highs in February: Close to end of the current financial year, REC prices continue to hover above Rs. 3000 mark with traded volumes rising significantly at both IEX as well as PXIL. Additional supply with expectation of higher sales realization countered demand driven by compliance to some extent. The net […]