October’s Solar REC Trading Sees Record High Price of ₹2,400

October’s Solar REC Trading Sees Record High Price of ₹2,400

In October’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded compared with the trading activity recorded in ...
/ / Markets & Policy, Solar
Solar REC Price Spikes to a Record ₹2,250 in September 2019

Solar REC Price Spikes to a Record ₹2,250 in September 2019

In September’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded when compared to trading activity in August ...
/ / Markets & Policy, Solar
Solar Renewable Energy Certificate Trading Reduces by Half in August 2019

Solar Renewable Energy Certificate Trading Reduces by Half in August 2019

In the August 2019 renewable energy certificate (REC) trading session, there was a significant fall in the number of solar and non-solar RECs that were traded compared to July. A ...
/ / Markets & Policy, Solar
Demand for Solar and Non-Solar RECs Increased in July 2019

Demand for Solar and Non-Solar RECs Increased in July 2019

In July’s renewable energy certificate (REC) trading session, there was a rise in the number of solar and non-solar RECs that were traded. A total of 129,056 solar RECs were ...
/ / Markets & Policy, Solar
After June’s Dip, Spot Power Price Rises Slightly to ₹3.38_kWh in July 2019

After June’s Dip, Spot Power Price Rises Slightly to ₹3.38/kWh in July 2019

In July 2019, the spot power prices witnessed a surge, rising to ₹3.38 (~$0.048)/kWh. This was a 15% increase month-over-month (MoM) when compared to June 2019, in which spot power ...
/ / Grid, Market & Policy
Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019

Spot Power Price Dips Slightly in June 2019 at 3.32/kWh as Solar Generation Rises

In June 2019, the spot power price was recorded at ₹3.32 (~$0.0483)/kWh. After soaring high for four consecutive months in 2019, the spot power price has now declined slightly by ...
/ / Grid, Market & Policy
Bombay Stock Exchange Launches Exclusive Trading Platform for Green Bonds

Bombay Stock Exchange Launches Exclusive Trading Platform for Green Bonds

India now has its own green bond trading platform. The Bombay Stock Exchange (BSE)’s international arm, India International Exchange (India INX), recently announced its exclusive green listing and trading platform ...
Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019

Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019

In May 2019, the spot power price rose to ₹3.34 (~$0.048)/kWh, making it the fourth consecutive month in 2019 in which spot power price has continued its rise. In April ...
/ / Demand Response, Grid
Solar RECs Traded at the Price of ₹2,000 in IEX and PXIL During May 2019

Solar RECs Traded at the Price of ₹2,000 in IEX and PXIL During May 2019

Entities rushed to buy renewable energy certificates (RECs) to fulfill their renewable purchase obligations (RPOs) in May 2019. This led to solar RECs being traded at ₹2,000 (~$28.68)/REC on both ...
IEX Introduces Green Term Ahead Market, Invites Comments from Stakeholders

IEX Introduces Green Term Ahead Market, Invites Comments from Stakeholders

The Central Electricity Regulatory Commission (CERC) has ordered the Indian Energy Exchange (IEX) to give wide publicity to Green Term Ahead Market (GTAM) contracts by uploading it on its website ...
According to a Central Electricity Authority (CEA) provisional report, India recorded a power supply deficit of 0.6 percent in the nine-month period between April and December 2018.

Spot Power Price Hovers at ₹3.22/kWh in April 2019, a 19% Dip YoY

The peak power demand in the country touched an all-time high of 176.8 GW in April 2019. According to the Indian Energy Exchange (IEX), the all India peak demand touched ...
APTEL Dismisses Petitions Against New Solar and Non-Solar REC Pricing Issued by CERC

Inventories Tighten in April 2019 as Entities Proactively Seek Solar REC Purchases

The trading in renewable energy certificates (RECs) further slumped in April 2019 due to low inventory. This is the second month after March 2019 in which REC trading has steadily ...
/ / Markets & Policy, Solar
Hero Future, Vikram Solar and ACME go to Court Opposing Safeguard Duty Imposed by DGTR

Renewable Energy Generators Approach Delhi High Court over Levy of GST on RECs

After paying GST of 12% on renewable energy certificates (RECs), renewable energy project developers who are part of the REC mechanism have approached the Delhi High Court to provide relief ...
/ / Other, Renewable Energy
All India Peak Demand Increased 5% Year-over-Year Touching 169 GW in March 2019

All India Peak Power Demand Increased 5% Year-over-Year Touching 169 GW in March 2019

In March 2019, the peak demand touched a high of 169 GW pushing power prices up. According to the Indian Energy Exchange (IEX), the all India peak demand touched 169 ...
/ / Grid, Utilities
Maharashtra Sets ₹2.72/kWh as Generic Tariff for Solar and ₹2.87/kWh for Wind

Low REC Inventory Pulls Trading Numbers Down in March 2019

After surging in February 2019, the trade in solar renewable energy certificates (RECs) declined in March 2019. The decline in the number of RECs traded is a result of low ...
/ / Grid, Market & Policy
Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019

Spot Power Price Dips to ₹3.08/kWh in February 2019, a 4% Decline YoY

For the second month in a row, the peak power demand in India stood at 162 GW. According to the Indian Energy Exchange (IEX), the all India peak demand touched ...
/ / Demand Response, Grid
February 2019 Records High Activity in Solar and Non-Solar REC Trading

February 2019 Records High Activity in Solar and Non-Solar REC Trading

After the decline in trading numbers in January 2019, trade in solar RECs spiked massively in February 2019. In February 2019, a total of 408,764 solar RECs traded on the ...
India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018

Price of Solar REC Shoots Up in January 2019

After increasing in December 2018, the trade of solar renewable energy certificates (RECs) declined in January 2019. However, the cost of solar RECs shot up during the month. In January ...
/ / Markets & Policy, Solar
Spot Power Price Declines by 7% to ₹3.46/kWh in July but Still Higher than Solar Tariffs

Peak Power Demand in India Increased Year-Over-Year by 4% in January 2019

According to the Indian Energy Exchange (IEX), the all India peak demand touched 162 GW in January 2019, registering a 4 percent increase over the peak demand registered in January ...
/ / Markets & Policy, Solar
BEE and AEEE Release State Energy Efficiency Preparedness Index

Power Demand Increases, Spot Power Price Up 10% YoY in December 2018

Spot power price in India declined to ₹3.30 (~$0.04766)/kWh in December 2018, an eight percent decline month-over-month (MOM). However, the spot price increased by 10 percent year-over-year (YoY). “Compared to ...
/ / Demand Response, Grid
India Records Power Supply Deficit of 0.6 Percent During Apr-Sep 2018

REC Trading Trend Reverses in December: Solar Trade Spikes While Non-Solar Slumps

Renewable energy certificates trading (RECs) on the energy exchanges in India witnessed a reversal of trends in the last month of 2018. While trading activity in solar RECs spiked in ...
/ / Markets & Policy, Solar
Uttarakhand Issues Cross-Subsidy Surcharge for Open Access Customers

After Soaring High in October, Spot Power Price Dips to ₹3.59/kWh in November 2018

In the month of November 2018, the spot power price declined to ₹3.59 ($0.05)/kWh after soaring high in the past few months. The price of ₹3.59 ($0.05)/kWh is 1 percent ...
/ / Demand Response, Grid
SECI’s 1,200 MW Wind Tender Receives Bids Totaling 2,190 MW

Solar REC Trading Slumps While Non-Solar REC Trading Spikes in November 2018

With both solar and non-solar renewable energy certificate (REC) trading undergoing a reversal in the demand-supply situation, trading of solar RECs has witnessed a huge slump even as trade in ...
/ / Markets & Policy, Solar
Spot Power Price Rose to ₹4.02/kWh in March 2018

Spot Power Price Continued to Soar in October 2018 at ₹5.94/kWh

Maintaining its upward trend, India’s spot power prices soared in the month of October. This was the second month in a row which saw a reversal in the prevalent trend ...
/ / Demand Response, Grid
Solar REC Trading Declines Significantly in October 2018

Solar REC Trading Declines Significantly in October 2018

Solar renewable energy certificate (REC) trading witnessed a steep decline in October 2018. A total of 275,951 solar RECs were traded in October 2018. This is 1,282,111 less solar RECs ...
/ / Markets & Policy, Solar