Renewable exchange certificate ( REC ) trading on the Indian Energy Exchange ( IEX ) and the Power Exchange exchange ( PEI ) has fallen for two months in a row because of a low supply . The exchanges reported 263,405 fewer solar RECs in April , at least , compared to the exchanges in March , which had also seen a significant fall . A breakdown of the exchanges showed 62,853 solar RECs traded on the IEX in April , while the PXIL reported 20,125 trades . some commentators said stricter central government regulations meant entities were looking for REC purchases and , as a result , the inventory had fallen .
Renewable energy certificate (REC) trading on the Indian Energy Exchange (IEX) and the Power Exchange India (PEI) has fallen for two months in a row because of a low supply. The exchanges reported 263,405 fewer solar RECs in April, at 82,978, compared to the 346,383 in March, which had also seen a trading fall. A breakdown of the figures showed 62,853 solar RECs traded on the IEX in April, while the PXIL reported 20,125 trades. Industry commentators said stricter central government regulations meant entities were looking for REC purchases and, as a result, the inventory had fallen.