PXIL successfully conducted its first Renewable Energy Certificate (REC) trading session for January 2025, in accordance with the Central Electricity Regulatory Commission (CERC) directive outlined in Order of Petition 379-MP-2024. This marked the 19th session of FY 2024-25 and the 40th auction session under the CERC (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022.
A total of 20.11 lakh RECs were transacted during the session. Prior to this auction, over 529.33 lakh RECs were available for trading. The session followed the Hon’ble Delhi High Court’s Daily Order dated May 11, 2023, which lifted restrictions on the sale of RECs issued before October 31, 2022, making all RECs held by sellers eligible for trading.
The trading sessions included:
a) Non-Solar RECs issued before April 1, 2017, transacted at a floor price of ₹1,500/MWh, as directed by CERC in its Order on Petition 2/SM/2017 dated March 30, 2017.
b) RECs from various renewable technologies, including solar, wind, hydro, small hydro, biomass, and other renewable sources.
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