The Indian Energy Exchange is pleased to announce the resumption in the trading of Renewable Energy Certificates (REC) with effect from Wednesday 24 November 2021, after a gap of almost 16 months. The last REC trade session took place in June 2020. The trade has been resumed in line with APTEL’s recent order dated 09.11.2021 and CERC order dated 18.11.2021 Commenting on the development Mr. Rohit Bajaj, Head- Business Development and Senior Vice President, Indian Energy Exchange Limited said, “We are pleased to recommence trade in the REC Market. REC has been a vital market-based instrument for obligated entities such as distribution utilities, open access consumers, and captive power plants for meeting their RPO in the most competitive and efficient manner.
IEX pioneered the trade in the REC market in the year 2010. The Exchange has cumulatively traded 390 lacs renewable energy certificates since the commencement of the market in the year 2010, and has been playing a significant role in supporting the transition to a sustainable energy economy.”
ABOUT IEX
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy, renewable energy certificates and energy saving certificates. The exchange platform enables efficient price
discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution. The Exchange is ISO Certified for quality management, Information security management and environment management since August 2016. The Exchange is a publicly listed company with NSE and BSE since October 2017 and is approved and regulated by Central Electricity Regulatory Commission since 27 June 2008. For further details, log on to: http://www.iexindia.com
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