Renewable energy certificates witness a record trade in August on IEX

NEW DELHI: In its 16th trading session, India energy exchange (IEX) witnessed a record trading figure of renewable energy certificates (RECs). Out of the 5,68,097 RECs that were available for sale, 2, 48,165 RECs were issued - the highest issuance for any month till date.

IEX is one of the major power exchanges of the country.

In the non-solar REC segment, IEX received buy bids of 2, 48,168 RECs and sale bids of 5, 68,097 RECs were received against which 2, 48,168 RECs were cleared at Rs 1500/REC. The price of non-solar REC came down from Rs 2,402/REC last month.

In the solar REC segment, IEX received buy bids of 1,728 RECs and sale bids of 310 RECs were received against which 129 RECs were cleared at Rs 12,850/REC.

RECs are generation based certificates issued to the power producers using renewable source of energy like solar, wind, hydro and biomass. Solar RECs are for solar power producers while non-solar one as are for all other renewable energy sources.

RECs are electronically in demat form and are given to the producers who do not wish to sell the electricity produced at preferential tariff.