PXIL conducted its first Renewable Energy Certificate (REC) trading session for November 2024, in compliance with the Central Electricity Regulatory Commission (CERC) Order on Petition 379-MP-2024. This marked the 15th trading session for FY 2024-25 and the 36th session under the CERC (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022, effective from December 5, 2022.
During this session, 1.55 lakh RECs were successfully traded. Prior to the auction, over 461.56 lakh RECs were available in the market. The trading was conducted in line with the Hon’ble Delhi High Court’s Daily Order dated May 11, 2023, which lifted the restriction on the sale of RECs issued before October 31, 2022. As a result, all available RECs could participate in the trading session.
The session included:
a) Non-Solar RECs Issued Before April 1, 2017: These were traded at a floor price of ₹1,500/MWh, as directed by CERC in its Order on Petition No. 2/SM/2017 dated March 30, 2017.
b) RECs Across Various Technologies: These included Solar, Wind, Hydro, Small Hydro, Biomass, and other renewable energy sources.
This successful auction highlights PXIL’s continued role in enabling efficient trading of renewable energy certificates.
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 trading session for November 2024: Key highlights and insights.){kind=link}