The trading of renewable energy certificates (RECs) is likely to be resumed after a gap of four months on November 25 as electricity tribunal APTEL has completed all hearings and may issue the final judgement soon on the REC pricing issue. Trading of RECs or green certificates is done on the last Wednesday of every month on the Indian Energy Exchange (IEX) and the Power Exchange India (PXIL).
The green certificates trading was suspended in July this year 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).
Talking to on the issue, PXIL Managing Director and Chief Executive Officer Prabhajit Kumar Sarkar said, “The APTEL has completed all hearings and kept the order reserved on the issue (of REC pricing). We expect the final order to be released soon, which would pave the way for restart of transactions in RECs from 25th November onwards.”