REC Mechanism in India

REC Trading Report – December 2012

Non-solar RECs Volume increased significantly from the lows of November. Total traded volume was 273,644 in December (up from 132,352 in November; 108% increase). Supply continued to increase. Total sell bids exceeded 14.5 lakh RECs (up 18% from last month). The demand-supply gap remains a significant worry, despite increase in Read more…

By VP, ago
Blog

Gloomy weather over REC market

Last month’s REC trading session has brought the REC market on the verge of vanishing soon. With no sign of strict enforcement happening and a drop of 40% demand shows that the obligated entities have the least interest to participate in the REC market. Those who were purchasing RECs have Read more…

By Team REConnect, ago
Blog

Hike in GBI for wind power projects

According to Bloomberg’s article, the wind farms in India will receive a hike in their subsidy ( from 50p to 80p for per unit of the electricity generated). Under the Operational Guidelines for implementation of “Generation Based Incentive (GBI)” for Grid connected wind power projects,which was announced by Indian Renewable Read more…

By Team REConnect, ago
Blog

REC trading report- November 2012

Non-solar RECs Volumes reduced sharply and prices remained at floor price for the third month.(Rs.1500/REC at IEX and PXIL; from September). Only 1.32 lakh RECs were redeemed this month (down by 41% from last month). The total supply was more than 12.3 lakhs (up by 21% from last month). The Read more…

By Team REConnect, ago