Green certificates trading shrinks to 9.2 lakh in 2020-21, 60.58 lakh inventory piles up
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Last Updated: Apr 25, 2021, 11:55 AM IST
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Synopsis
The REC or green certificate trades were suspended in July 2020 after the Appellate Tribunal for Electricity (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 the Central Electricity Regulatory Commission (CERC).
Agencies
REC trading is conducted on the last Wednesday of every month on the Indian Energy Exchange (IEX) and the Power Exchange India (PXIL).
The renewable energy certificates market shrank to 9.2 lakh RECs in 2020-21 while 60.58 lakh RECs piled up till March-end due to a halt in trading, which also impacted the ability of distribution companies to meet their renewable purchase obligation (RPO). According to industry data, an inventory of 60.58 lakh RECs piled up till March 31, 2021, which includes 7.71
Green certificates trading shrinks to 9 2 lakh in 2020-21 - The Hindu BusinessLine
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Green certificates trading shrinks to 9 2 lakh in 2020-21, 60 58 lakh inventory piles up
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