Tags: Renewable Energy Certificates

APTEL postpones renewable energy certificates trading by four weeks

The Appellate Tribunal for Electricity (APTEL) has postponed the trading of renewable energy certificates (REC) scheduled on July 29, by four weeks. In an order issued on July 24, APTEL postponed the RECs trading session scheduled on July 29, 2020 by four weeks in three separate appeals filed by Green Energy Association, IWPA (Indian Wind […]

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Renewable energy certificates sales down over 55 per cent in May

Sales of renewable energy certificates dropped over 55 per cent to 3.33 lakh units in May compared to 7.5 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated from an […]

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SC declines to entertain GEA appeal on stopping REC price revision

The Supreme Court has declined to entertain Green Energy Association (GEA) appeal on stopping Renewable Energy Certificates (REC) price revision by Central Electricity Regulatory Commission (CERC). The top court took cognizance of a matter seeking stay on REC price revision by CERC on June 16. A bench headed by Justice Arun Mishra refused to entertain […]

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AAI urges price correction in REC to avoid burden on industry

The Aluminium Association of India (AAI) has urged the Central Electricity Regulatory Commission to immediately look into the skewed market of Renewable Energy Certificates (REC) which, according to it, is resulting in artificial demand and price rise in the power exchange. AAI vice-chairman Rahul Sharma said the association feels that it is apparent that the […]

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Subsidies to renewables drop 35 percent, next months to define future trends in energy sector: Report

India’s renewable energy subsidies fell 35% from FY17 to FY19, while its oil and gas subsidies increased by 65% according to a new study entitled Mapping India’s Energy Subsidies 2020, released by the International Institute for Sustainable Development (IISD) and the Council on Energy, Environment and Water (CEEW). How the government tackles the COVID-19 crisis and economic […]

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Sales of renewable energy certificates up over 79 per cent in March

Sales of renewable energy certificates(REC) rose over 79 per cent to 8.38 lakh units in March compared to 4.68 lakh in the same month a year ago owing to good supply, according to official data. Renewable Energy Certificates (RECs) are a type of market-based instrument. One REC is created when one megawatt hour of electricity […]

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Sale of Renewable energy certificate up 64 per cent in February

Sales of renewable energy certificates rose over 64 per cent to 21.42 lakh units in February compared to 13.02 lakh in the same month a year ago owing to high demand, according to official data. Renewable Energy Certificates (RECs) are a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated […]

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Sale of Renewable energy certificate down by 10 percent in December

Sales of renewable energy certificates fell around 10 per cent to 5.04 lakh units in December as compared to 5.59 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which […]

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Renewable Energy certificate sales down dipped 2.25 percent in October

Sales of renewable energy certificates dipped 2.25 per cent to 6.87 lakh units in October as compared to 7.03 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are […]

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Sales of REC dropped by over 47 per cent in June

Sales of renewable energy certificates (REC) dropped by over 47 per cent to 4.3 lakh units in August as compared to 8.19 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the […]

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