IEX Q3 Results- Revenue Up 20.3%, Volumes 16.8% YoY Updated On Mon, Jan 29th, 2024 by Saurenergy India’s premier power exchange, the India Energy Exchange(IEX) has announced its Q3 results for FY24. The firm reported a decent set of numbers, with revenues up 20.3% YoY to Rs 141.2 crores, even as power traded on the exchange rose to 28.3 BU a 16.8% growth YoY. Standalone profit after tax rose to 89.3 crores, […] Read more
Our Atomic Energy Batteries Can Last For 50 Years Without Charge: Betavolt Updated On Tue, Jan 16th, 2024 by Saurenergy A Chinese company, ‘Betavolt New Energy Technology’ recently developed a miniature atomic energy battery. This product combined nickel 63 nuclear isotope decay technology and China’s first diamond semiconductor (4th generation semiconductor) module. It was combined to realize the miniaturization of atomic energy batteries, modularization and low cost, starting the process of civilian use. This marked […] Read more
CERC Declines To Consider Power Exchange RTM Abortions As ‘Force Majeure’ Updated On Mon, Jan 15th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgement, declined to consider the plea of BSES Rajdhani Power Ltd, a power distribution licensee from Delhi. The discom had approached the Central Commission asking it to consider the events related to abortion and the cancellation of bids placed on the Real Time Market (RTM) of […] Read more
Govt Extends Benefits To Open Access Consumers, Notifies New Rule Updated On Fri, Jan 12th, 2024 by Saurenergy The Ministry of Power has amended its Electricity (Second Amendment) Rules 2023 and inserted new provisions to regulate the sector. These new provisions are related to the rules related to the General Network Access (GNA) and Open Access Consumers in the country. In its newly amended rules, the ministry talked about the additional surcharge for open access […] Read more
CERC Awards Compensation To Indigrid Solar Over Change In GST Rates Updated On Fri, Jan 12th, 2024 by Saurenergy In its latest judgment, the Central Electricity Regulatory Commission (CERC) granted compensation to Indigrid Solar-I (AP) Pvt Ltd. over escalated GST rates. The firm approached the Central Commission seeking compensation, citing increased project costs due to introducing GST on solar products. The solar power generator, in its petition, told the CERC that after the firm submitted […] Read more
Chandigarh Open Access Consumers May Get Green Power @Rs 6.75/unit Updated On Wed, Jan 3rd, 2024 by Saurenergy The Joint Electricity Regulatory Commission (JERC) for the state of Goa and Union Territories has now come up with a draft discussion paper to compute the green energy open access tariff in Chandigarh. This comes after the Union government issued a notification last year allowing green energy through open access to consumers even with less […] Read more
Top 12 Trends Of 2023 That Created Ripples In Indian Renewable Sector Updated On Tue, Jan 2nd, 2024 by Saurenergy For India, forming a backdrop to the whole year was the softening in global module prices, continuation of ALMM exemptions, and of course, the noise around carbon credits and green hydrogen. Which events actually made an impact? Which ones stood out and are most likely to make a real impact, and soon? We present below […] Read more
Open Access: MERC Disallows Discoms To Levy Cross Subsidy Surcharge Updated On Thu, Dec 28th, 2023 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) in its latest judgment disallowed the local discoms of Thane in Maharashtra to levy Cross-Subsidy Surcharges (CSS) for open access consumers. The verdict from the state regulatory body came to the fore after Mindspace Business Parks Pvt Ltd (MBPPL) and Gigaplex Estate Pvt Ltd (GEPL) moved the MERC. Both […] Read more
2023 Proved Brightest For Wind Power Generation In India: Govt Updated On Wed, Dec 27th, 2023 by Saurenergy Union Minister R.K Singh in a written reply before the parliament shared data on the contribution of wind energy in the total energy mix in the last three years. The data revealed an incremental growth in the wind generation capacity to the overall renewable energy. The data said that 2023 proved fruitful for the wind […] Read more
