Green certificates trade to resume on IEX, PXIL from Wednesday after 16 months – EQ Mag Pro

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Green certificates trade to resume on IEX, PXIL from Wednesday after 16 months – EQ Mag Pro

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The Indian Energy Exchange as well as Power Exchange of India Ltd are set to resume trading of renewable energy certificates from Wednesday after a gap of 16 months.

Renewable Energy Certificate or green certificate trades were suspended in July 2020 after APTEL decided to postpone the trading by four weeks while hearing three separate petitions related to an issue of fixing floor and forbearance prices of RECs by Central Electricity Regulatory Commission (CERC).

Appellate Tribunal For Electricity (APTEL) and CERC have given the go-ahead to begin RECs trading in their orders issued on November 9 and November 18, respectively.

RECs trading is done on the last Wednesday of the month. So the trading of green certificates would resume again from November 24, 2021.