Ministry of New and Renewable Energy (MNRE) has made a much needed and significant move by suggesting to the Ministry of Power to make it mandatory for states to fulfill their Renewable Purchase Obligation (RPO). As per this suggestion, if the states fail to do so then they will not receive concessions from Centre under financial restructuring scheme of State Discoms. (Source: Times of India)
Earlier Maharashtra Electricity Regulatory Commission (MERC) and Punjab Electricity Regulatory Commission (PSERC) had directed their obligated entities to fulfill their RPO targets. Our blogpost on this enforcement is available here.
These decisions by the Central and State authorities are much needed to improve the current state of the Renewable Energy Certificate (REC) market and also increase the share of renewable energy in the total energy mix. At the same time we need to wait and watch and hope that these decisions turn into actions.
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