PXIL Holds 143rd REC Trading Session

In compliance with the Central Electricity Regulatory Commission’s (CERC) directives outlined in Order of Petition 379-MP-2024, PXIL carried out the 2nd REC trading session for February 2024.

This session marked the 15th of the fiscal year 2023-24 and the 19th auction session under the Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022, which took effect on December 5, 2022.

During this session, a total of 1,31,000 RECs were successfully traded. Prior to this auction, over 2,95,31,000 RECs were available in the market for trading. This trading activity was conducted in accordance with the directives outlined in the Hon’ble Delhi High Court’s Daily Order dated 11.05.2023, which revoked previous restrictions on the sale of RECs issued before October 31, 2022. As a result, all RECs held by selling entities were eligible for transactions in today’s REC session. Details of the sessions conducted are as follows:

Transactions in non-Solar RECs issued prior to 01.04.2017 with floor price of Rs. 1,500/MWh as directed by CERC vide its Order in Petition no 2/SM/2017 dated 30.03.2017

Transactions in RECs of different technologies, e.g., Solar, Wind, Hydro, Small Hydro, Biomass, and other types of Renewable sources.