Renewable Energy Trading on IEX Down 35% MoM in August

Renewable Energy Trading on IEX Down 35% MoM in August

The Indian Energy Exchange (IEX) traded 437 million units (MU) of renewable energy in August 2022, registering a 6% year-over-year (YoY) growth. The volume traded declined by 35% compared to ...
/ / Other, Renewable Energy
Captive Power Generator Directed to Purchase RECs to Meet RPO Targets

Captive Power Generator Directed to Purchase RECs to Meet RPO Targets

The Uttar Pradesh Electricity Regulatory Commission (UPERC) recently directed a captive power generator to provide details of the energy that had been procured through open access for the financial year ...
/ / Markets & Policy, Solar
Renewable Power Purchase Obligation Targets Set for Jammu & Kashmir and Ladakh

Renewable Power Purchase Obligation Targets Set for Jammu & Kashmir and Ladakh

The Joint Electricity and Regulatory Commission (JERC) has notified the ‘Renewable Purchase Obligation (RPO), its Compliance and REC framework Implementation Regulations, 2022’ for the union territories of Jammu & Kashmir ...
Renewable Energy Trading on IEX Declines by 16.5% MoM in June

Renewable Energy Trading on IEX Declines by 16.5% MoM in June

The Indian Energy Exchange (IEX) traded 536 million units (MU) of renewable energy in June 2022, a 16.5% decrease month-over-month (MoM) compared to 642 MU traded in the previous month ...
BHEL Invites Bids for Trading Renewable Energy Certificates at Power Exchanges

BHEL Invites Bids for Trading Renewable Energy Certificates at Power Exchanges

Bharat Heavy Electricals Limited (BHEL) has invited bids from traders to procure renewable energy certificates (RECs) from the National Load Despatch Center (NLDC) and trade them at the power exchanges ...
CERC Issues New Regulations to Boost Renewable Energy Certificates Trading

CERC Issues New Regulations to Boost Renewable Energy Certificates Trading

The Central Electricity Regulatory Commission (CERC) has issued ‘Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation Regulations, 2022.’ According to the new regulations, renewable energy generating stations, ...
Tender Issued for Consultancy on Procuring Renewable Energy Certificates

Tender Issued for Consultancy on Procuring Renewable Energy Certificates

Rashtriya Chemicals and Fertilizers Limited (RCF), a Government of India undertaking, has issued a notice inviting tender for consultancy services to facilitate renewable energy certificates (REC) purchase to meet its ...
/ / Solar, Tenders & Auctions
CERC Orders Renewable Energy Certificates to be Issued to a Captive Solar Project

CERC Orders Renewable Energy Certificates to be Issued to a Captive Solar Project

The Central Electricity Regulatory Commission (CERC) issued an order favoring a captive solar power producer. It directed the National Load Dispatch Center (NLDC) to grant renewable energy certificates (RECs) to ...
/ / Markets & Policy, Solar
CERC Allows Issue of Renewable Energy Certificates for Wind Energy Injected in FY 2015-16

CERC Allows Issue of Renewable Energy Certificates for Wind Energy Injected in FY 2015-16

The Central Electricity Regulatory Commission (CERC), in a recent order, relaxed the timeframe to apply for the issuance of the Renewable Energy Certificates (RECs) to a wind generator beyond six ...
/ / Other, Wind
Bids Invited for Trading Energy, Renewables, and Energy Saving Certificates

Bids Invited for Trading Energy, Renewables, and Energy Saving Certificates

Uttarakhand Power Corporation Limited (UPCL) has invited bids to select traders for the purchase and sale of energy, renewable energy certificates (solar and non-solar), and energy savings certificates (ESCerts) through ...
/ / Solar, Tenders & Auctions
Consumer of Captive Cogeneration Project Exempted from RPO Compliance

Consumer of Captive Cogeneration Project Exempted from RPO Compliance

The Odisha Electricity Regulatory Commission (OERC) has exempted a captive power producer from renewable purchase obligations (RPO) when its consumption from its cogeneration sources is higher than its RPO for ...
/ / Other, Renewable Energy
Energy Procured from a Captive Solar Project in West Bengal Allowed to Offset RPO in Odisha

Energy Procured from a Captive Solar Project in West Bengal Allowed to Offset RPO in Odisha

The Odisha Electricity Regulatory Commission (OERC), in a recent order, ruled that the power generated from a 5 MW captive solar power project in West Bengal should be accounted and ...
/ / Markets & Policy, Solar
Ministry of Power Proposes Restructuring Renewable Energy Certificates Mechanism

Ministry of Power Proposes Restructuring Renewable Energy Certificates Mechanism

The Ministry of Power has released a discussion paper on redesigning the renewable energy certificate (REC) mechanism for stakeholder comments. The stakeholders have time until June 25, 2021, to submit ...
IEX

Indian Energy Exchange’s Revenues Up by 20% YoY in FY 2021

The Indian Energy Exchange's (IEX) revenue in financial year (FY) 2021 was up by nearly 20% and stood at ₹3.56 billion (~$48.48 million) compared to ₹2.97 billion (~$40.45 million) in ...
IOCL

Indian Oil Invites Bids for Trading of Non-Solar RECs from 72 MW of Wind Projects

The Indian Oil Corporation Limited (IOCL) has invited bids from traders to sell 176,262 non-solar renewable energy certificates (RECs) generated from 72.3 MW of wind power projects in Rajasthan through ...
/ / Other, Wind
Rhode Island Aims to Meet All its Energy Demand From Renewables by 2030

Rhode Island Aims to Meet All its Energy Demand From Renewables by 2030

The state of Rhode Island in the U.S. aims to meet 100% of its energy demand from renewable energy sources by 2030. Gina Raimondo, the governor of Rhode Island, signed ...
/ / Other, Renewable Energy
Gujarat Commission Directs Distribution Licensee to Comply with Solar RPO Target

Gujarat Commission Directs Distribution Licensee to Comply with Solar RPO Target

The Gujarat Electricity Regulatory Commission (GERC), in a recent ruling, directed MPSEZ Utilities Private Limited (MUPL) to make up for the shortfall of 1.441 MUs in solar RPO within the ...
/ / Markets & Policy, Solar
CERC Approves Introduction of Green Term-Ahead Market Contracts on IEX

CERC Approves Introduction of Green Term-Ahead Market Contracts on IEX

The Central Electricity Regulatory Commission (CERC) has approved the introduction of the 'Green Term-Ahead Market' (GTAM) contracts on the Indian Energy Exchange (IEX), adding that it would provide an avenue ...
/ / Grid, Market & Policy
Karnataka Mini-Hydro Projects Can Carry Forward Banked Energy for 2 Months

Karnataka Mini-Hydro Projects Can Carry Forward Banked Energy for 2 Months

The Karnataka Electricity Regulatory Commission (KERC) has approved a request to carry forward the banked energy from mini-hydropower generators as of May 31, 2020, to July 31, 2020. Any banked ...
/ / Other, Water
Solar Renewable Energy Certificates Trading Spikes in June

Solar Renewable Energy Certificates’ Trading Spikes in June

There was a surge in the trading of solar renewable energy certificates (RECs) in June 2020 compared to the previous month despite the ongoing COVID-19 crisis and the subsequent lockdown ...
After Two Months of Lows, Solar REC Trading Gathers Speed in May 2020

After Two Months of Lows, Solar REC Trading Gathers Speed in May 2020

There was a considerable increase in the trading of both solar and non-solar renewable energy certificates (RECs) in May 2020 compared to the last month. This increase comes as a ...
Singapore’s Sembcorp Launches REC Trading Platform

Singapore’s Sembcorp Launches REC Trading Platform

Sembcorp Industries, a Singapore-based renewable energy company, has launched a renewable energy certificate (REC) trading platform that manages RECs from multiple sources. RECs are tradable renewable assets that can be ...
/ / Grid, Other
Tamil Nadu Lays Out Details for Procuring Solar Power by Distribution Licensees

Tamil Nadu Lays Out Details for Procuring Solar Power by Distribution Licensees

The Tamil Nadu Electricity Regulatory Commission (TNERC) has issued a consultative paper for procuring solar power by distribution licensees and has asked all the stakeholders to submit their comments and ...
/ / Markets & Policy, Solar
Change in Legal Status Calls for Fresh Registration for Renewable Energy Certificates

Change in Legal Status Calls for Fresh Registration for Renewable Energy Certificates

The Central Electricity Regulatory Commission (CERC) has dismissed the plea of Weizmann Limited and Karma Energy Limited with regards to issuing renewable energy certificates (RECs). The Commission observed that the ...
/ / Other, Wind
Jharkhand Issues New Regulations for Renewable Purchase Obligation

Jharkhand Issues New Regulations for Renewable Purchase Obligation

The Jharkhand Electricity Regulatory Commission (JSERC) has come up with regulations for Renewable Purchase Obligation (RPO) for obligated entities within the state. The earlier regulations are set to expire in ...
/ / Other, Renewable Energy