Perspectives and Insights

Trading of RECs stayed by Supreme Court

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 Standard, ” REC generators moved the…read more →

Negawatt better than Megawatt? – Energy Efficiency scores big..

While Solar energy has been hogging the limelight since the start of the Jawaharlal Nehru National Solar Mission(JNNSM) in 2010, it’s unglamorous cousin National Mission for Enhanced Energy Efficiency(NMEEE), which was also started in 2010, has been marching ahead with some great results. The Bureau of Energy Efficiency(BEE) has announced that during the first PAT(Perform, Achieve,Trade) cycle(2012-15), a total of 5,635…read more →

Bhadla Solar Park – Solar Tariff hits another low of Rs. 2.62/kWh

The race to the bottom continues at a furious pace, thanks to Solar Parks. Within a span of 3 months, Solar tariff quoted by winning bidders has dropped by more than 25%. From Rs. 3.29/kWh(Rewa Solar Park, Madhya Pradesh) in February 2017, the tariff has reduced to Rs. 2.62 in May 2017(Bhadla Solar Park, Rajasthan), touching Rs. 3.15/kWh enroute in April…read more →