Power Exchange India Limited (PXIL) successfully conducted the first Renewable Energy Certificate (REC) trading session for the month of October 2025, in accordance with the Central Electricity Regulatory Commission (CERC) directives outlined in Order of Petition No. 379-MP-2024. This marks the 13th REC trading session of FY 2025–26 and the 58th auction session under the CERC (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022, which came into effect on December 5, 2022.
During the session, a total of 4.52 lakh RECs were successfully transacted. Prior to the auction, more than 339.41 lakh RECs were available in the market for trade. Trading activity was carried out under the directions of the Hon’ble Delhi High Court’s Daily Order dated May 11, 2023, which withdrew earlier restrictions on the sale of RECs issued before October 31, 2022. As a result, all RECs available with selling entities were eligible for transaction in this session.
The trading was conducted in two categories:
a) Non-solar RECs issued prior to April 1, 2017, with a floor price of Rs. 1,500/MWh, as directed by CERC through Order in Petition No. 2/SM/2017 dated March 30, 2017.
b) RECs across multiple renewable technologies, including solar, wind, hydro, small hydro, biomass, and other renewable energy sources.
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