PXIL has successfully conducted the 1st REC trading session for the month of Oct 2024, as per CERC direction in Order of Petition 379-MP-2024. This was the 13th session of FY24-25 and 34th auction session under Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022 that came into effect from 5th December 2022.
A total of 1.61 lacs RECs were successfully transacted in this session, prior the auction more than 460.80 lacs RECs were available in the market for trade. The trading happened under the directions provided by Hon’ble Delhi High Court in their Daily Order dated 11.05.2023. The sessions were conducted as: a) Transactions in non-Solar RECs issued prior to 01.04.2017 with floor price of Rs. 1,500/MWh as directed by CERC vide its Order in Petition no 2/SM/2017 dated 30.03.2017 b) Transactions in RECs of different technologies, e.g., Solar, Wind, Hydro, Small Hydro, Biomass, and other types of Renewable sources.
