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. Solar power is expected to account for about 10% of India’s electricity generation by 2022, according to an analysis from Bloomberg New Energy, with renewable sources accounting for more than half of that growth.
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.