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India’s electricity exchanges which were once plain trading platforms are fast becoming engines of market reform. Short-term power markets, including all channels such as power exchanges, bilateral trades, direct contracts, and DSM, accounted for about 12.5% of India’s total electricity

Overview of Policy Change On 1 August 2025 the Ministry of Power officially discontinued the Uniform Renewable Energy Tariff (URET) mechanism. This decision ended both the Solar Power Central Pool and the Solar Wind Hybrid Central Pool. The formal notification is

Executive Summary The Bihar Renewable Energy Policy 2025 introduces aggressive targets for solar wind and distributed generation backed by a toolkit of financial incentives and implementation mechanisms. While the policy reflects the state's intent to transition to a cleaner grid its

India has taken a landmark step towards formalising its carbon market framework by notifying the Draft Greenhouse Gas Emission Intensity (GEI) Rules, 2024. Issued by the Ministry of Environment, Forest and Climate Change (MoEFCC), these rules have put forth legally

RECs trading took place today on both the power exchanges. During the June trade session, RECs worth Rs 98 crores were transacted.  Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC (floor price) at both the exchanges. A total of 6,30,822

RECs trading took place today on both the power exchanges. During the May trade session, RECs worth Rs 57 crores were transacted.  Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC (floor price) at both the exchanges. A total of 252,589

In a recent notification, CERC (Central Electricity Regulatory Commission) published new REC regulations.  These regulations differ in many significant ways from the existing REC regulations. A brief summary is provided below: It is important to note that these regulations, though final, are

RECs trading took place today on both the power exchanges. During the April trade session, RECs worth Rs 55.40 crores were transacted.  Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC (floor price) at both the exchanges. A total of  331,284

RECs trading took place today on both the power exchanges. During the March trade session, RECs worth Rs 97 crores were transacted.  Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC (floor price) at both the exchanges. A total of  342,067

RECs trading took place today on both the exchange platforms (ie. IEX & PXIL).  During the February trade session, RECs worth Rs 102 crores were transacted.  Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC at IEX (floor price) INR and

In a recent announcement, CERC (Central Electricity Regulatory Commission) published the draft  Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022. Comments are due by 15th March 2022. Key Changes provisioned in the

RECs trading took place today on both the exchange platforms (ie. IEX & PXIL).  The January trade session again saw significant volume, with RECs worth Rs 182 crores being transacted.  Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC at IEX

RECs trading took place today on both the exchange platforms(ie. IEX & PXIL).  The December trade session saw significant volume, with RECs worth Rs 245 crores being transacted.  Non-Solar: Non-Solar RECs traded at the price of INR 1,000/REC at IEX (floor price)

The Ministry of Power (MoP), recently came up with the scheme that allows the flexibility in generation and scheduling of thermal/hydro power stations through bundling with renewable energy and storage power. Earlier on 5th April 2018, MoP had introduced a

RECs trading resumed yesterday, after an order from ApTel reversed the price reduction by CERC. Trading was put on hold in July 2020.  The November trade session saw significant volume, with RECs worth Rs 383 crores being transacted.  Non-Solar: Non-Solar RECs traded

In an important advancement, ApTEL has delivered its judgment on the matter of REC today. According to the order of ApTEL dated 11.09.2021, they set aside the order dated 17.06.2020 passed in Petition no. 05/SM/2020, by the Central Electricity Regulatory

Second ESCerts trading session for PAT Cycle II(2016-2019) took place yesterday on both the exchange platform i.e. IEX and PXIL. Total demand on IEX was 3,18,235 ESCerts against a total supply of 13,66,279 ESCerts. Market Clearance price was determined at Rs.250/ESCerts

First ESCerts trading session for PAT Cycle II(2016-2019) took place yesterday on both the exchange platform i.e. IEX and PXIL. Since this was the first session of PAT cycle II, there were a lot of uncertainties with respect to price and

On 29 September’21 , the Union Minister of Power and New & Renewable Energy has given his assent to the amendments in the existing Renewable Energy Certificate (REC) mechanism. In order to align with the emerging changes in the power sector

Considering the importance of renewable energy resources in a warming world, India has seen a steady increase in the penetration of renewables, including wind energy, in the overall mix. Present installed wind capacity stands at 38.6 GW as of December