Renewable Energy Certificate trading volumes doubled in February: Indian Energy Exchange


NEW DELHI: The traded volume of renewable energy certificates more than doubled this month on the Indian Energy Exchange (IEX).

Prices of these certificates both in solar and non-solar segments, however, remained flat on a month-on-month basis.

The total traded volume of RECs, during yesterday’s session, touched 1,83,923. In January, the same was at 84,472.

One Renewable Energy Certificate (REC) is equivalent to 1 MWh of energy generated from renewable sources. These are used as instruments to help entities meet the Renewable Purchase Obligation set by states.

“The total trade volume (in February) increased by 117 per cent as compared to 84,472 RECs traded last month,” IEX said in a statement today.

IEX is the country’s leading power exchange. In February, the solar segment saw 7,816 buy bids while the sale bids were way higher at 1,14,539 RECs. Each solar REC was cleared at a price of Rs 9,300.

 

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SOURCE: http://articles.economictimes.indiatimes.com/

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