<p> It was yet another lacklustre month of trading in renewable energy at the two power exchanges, with few takers for renewable energy certificates (RECs), especially in the non-solar category. <br /><br />Data released by Indian Energy Exchange Ltd (IEX) and Power Exchange India Ltd (PXIL) for November 2012 revealed that of the 12.30 lakh non-solar RECs offered for sale, only 1.32 lakh RECs were bought at the floor price of Rs 1500 set by the Central Electricity Regulatory Commission.</p>.<p> In the solar category, 1,219 RECs were cleared at Rs 12,100 and Rs 12,720 at PXIL and IEX respectively. Trading in October was a tad better; 2.22 lakh non-solar RECs and 1,791 solar RECs were bought at the two exchanges. In September, 2.64 lakh RECs in non-solar and 1,160 in solar category were purchased. <br /><br />RECs are certificates in dematerialised format awarded to those who generate electricity from renewable sources like solar, hydro, biomass and wind and opt to sell it at the power exchanges.</p>.<p> These certificates are bought by “obligated entities” that are generally power distribution companies, open access consumers and captive power producers. One REC is equal to 1MWh of energy.<br /><br />IEXaccounted for 75 per cent of RECs offered for sale in non-solar category, though 58 per cent of the RECs were cleared in PXIL. <br /></p>
<p> It was yet another lacklustre month of trading in renewable energy at the two power exchanges, with few takers for renewable energy certificates (RECs), especially in the non-solar category. <br /><br />Data released by Indian Energy Exchange Ltd (IEX) and Power Exchange India Ltd (PXIL) for November 2012 revealed that of the 12.30 lakh non-solar RECs offered for sale, only 1.32 lakh RECs were bought at the floor price of Rs 1500 set by the Central Electricity Regulatory Commission.</p>.<p> In the solar category, 1,219 RECs were cleared at Rs 12,100 and Rs 12,720 at PXIL and IEX respectively. Trading in October was a tad better; 2.22 lakh non-solar RECs and 1,791 solar RECs were bought at the two exchanges. In September, 2.64 lakh RECs in non-solar and 1,160 in solar category were purchased. <br /><br />RECs are certificates in dematerialised format awarded to those who generate electricity from renewable sources like solar, hydro, biomass and wind and opt to sell it at the power exchanges.</p>.<p> These certificates are bought by “obligated entities” that are generally power distribution companies, open access consumers and captive power producers. One REC is equal to 1MWh of energy.<br /><br />IEXaccounted for 75 per cent of RECs offered for sale in non-solar category, though 58 per cent of the RECs were cleared in PXIL. <br /></p>