India likely to get third power exchange owned by PTC, BSE by year end
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Pranurja Solutions had submitted the draft rules and bye-laws at the time of filing the petition, according to the CERC order issued on Wednesday.
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NEW DELHI: Power regulator Central Electricity Regulatory Commission (CERC) has approved registration to
PTC, BSE and ICICI Bank-led Pranurja Solution Ltd to start the country s third power exchange. Senior officials in the company said the exchange is likely to be operationalised by this year-end.
The other two power exchanges are
The commencement of operation of the power exchange is subject to approval of the bye-laws, rules, and business rules and the technology including trading software in accordance with various provisions of the Power Market Regulations (PMR) 2010. Pranurja Solutions had submitted the draft rules and bye-laws at the time of filing the petition, according to the CERC order issued on Wednes
Renewable energy projects that are under construction or were awarded and could not commence construction owing to the Covid pandemic and lockdown restrictions, can now apply for extension in their commissioning. The Ministry of New and Renewable Energy (MNRE) in a notice to project developers said RE projects that have their scheduled commissioning date on and after April 2021 would be eligible to apply for time extension. RE projects being implemented through Implementing Agencies designated by the MNRE or under various schemes of the MNRE, having their Scheduled Commissioning Date (SCD) on or after April 1, 2021 will be eligible to claim time-extension for completion of their project activities, said the notice by MNRE.
The renewable energy certificates market shrank to 9.2 lakh RECs in 2020-21 while 60.58 lakh RECs piled up till March-end due to a halt in trading, which also impacted the ability of distribution companies to meet their renewable purchase obligation (RPO). According to industry data, an inventory of 60.58 lakh RECs piled up till March 31, 2021, which includes 7.71 lakh solar and 52.88 lakh non-solar green certificates. The data also showed that trading of just 9.2 lakh RECs was done in 2020-21 as the trading was suspended since July last year. REC trading was recorded at 89.27 lakh in 2019-20 and 126.08 lakh in 2018-19. The REC or green certificate trades were suspended in July 2020 after the Appellate Tribunal for Electricity (APTEL) decided to postpone the trading by four weeks while hearing three separate petitions related to an issue of fixing floor and forbearance prices of RECs by the Central Electricity Regulatory Commission (CERC).
Green certificates trading shrinks to 9.2 lakh in 2020-21, 60.58 lakh inventory piles up
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Last Updated: Apr 25, 2021, 11:55 AM IST
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The REC or green certificate trades were suspended in July 2020 after the Appellate Tribunal for Electricity (APTEL) decided to postpone the trading by four weeks while hearing three separate petitions related to an issue of fixing floor and forbearance prices of RECs by the Central Electricity Regulatory Commission (CERC).
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REC trading is conducted on the last Wednesday of every month on the Indian Energy Exchange (IEX) and the Power Exchange India (PXIL).
The renewable energy certificates market shrank to 9.2 lakh RECs in 2020-21 while 60.58 lakh RECs piled up till March-end due to a halt in trading, which also impacted the ability of distribution companies to meet their renewable purchase obligation (RPO). According to industry data, an inventory of 60.58 lakh RECs piled up till March 31, 2021, which includes 7.71
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