Green certificate sales fell 47 pcs to 4.3 lakh in June

New Delhi, September 1 () Renewable energy certificate sales fell by more than 47 percent to 4.3 lakh units in August compared to 8.19 lakh in the same month last year due to lower supply, According to official data.

Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two energy fields in the country that are dedicated to the trade in renewable energy (REC) and electricity certificates. The exchange of REC takes place on the last Wednesday of each month.

According to official data, IEX recorded a total trade of 2.93 lakh REC in August compared to 5.07 lakh in the same month last year. Similarly, PXIL recorded the sale of 1.37 lakh REC in the month compared to 3.12 lakh in August 2018.

IEX data showed that both non-solar and solar RECs continued to see a low-supply situation, with purchase offers exceeding sale offers due to low inventory. There were purchase offers for 12.03 lakh RECs against sales offers for 3.46 lakh RECs for the month of August in IEX.

Similarly, there were offers to buy for 3.39 lakh REC and sales for 1.66 lakh units for the month of August in PXIL.

Under the renewable purchase obligation (RPO), bulk buyers, such as discoms, open access consumers and capacitive users must purchase a certain proportion of REC. They can buy REC from renewable energy producers to comply with RPO standards. The proportion of renewable energy for public services is set by the central and state electricity regulatory commissions. The REC mechanism is a market-based instrument to promote renewable energy sources and the development of the electricity market. It provides an alternative voluntary route to a generator to sell its electricity from renewable sources as well as conventional electricity and offers the green attribute (REC) separately to entities required to comply with its RPO. KKS ABM