India’s REC Framework 2025: A Shift Towards Smarter, Inclusive and Stricter Renewable Energy Compliance
The Central Electricity Regulatory Commission (CERC) has released the Draft Renewable Energy Certificate (REC) 1st Amendment Regulations, 2025, marking a major shift in India’s renewable energy compliance landscape. This amendment goes beyond routine revision, aiming to align renewable procurement, compliance,
Regional REC Dynamics: Why Some States Drive Demand While Others Lag
Renewable Energy Certificate (REC) demand in India isn’t uniform. Some states consistently drive trading activity, while others barely participate. The reasons behind this divergence go beyond the statistics. Regulatory enforcement, industrial structures and the evolution in the way state markets
Uttarakhand Cabinet Clears Geothermal Energy Policy 2025 to Strengthen Renewable Energy Portfolio
On 9 July 2025, the Uttarakhand state cabinet approved the Geothermal Energy Policy 2025, marking the first structured framework for the exploration and development of geothermal resources in the state. This policy seeks to harness the Himalayan hot springs for
The Future Price of Power: Why Electricity Derivatives Matter for India’s Market Evolution
In a world where electrons flow in real time but markets often lag behind, electricity derivatives represent the financial sophistication India’s power sector needs but policymakers have been cautiously avoiding. For a country hurtling toward a high-renewable, decentralised, and demand-responsive
India Energy Stack: Powering the Digital Grid of the Future
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
India Scraps Central Renewable Energy Pricing Pools: A Push for Market-Linked Power Deals
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
Policy Brief – Bihar Renewable Energy Policy 2025
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
Carbon Market Draft Rules: India’s Compliance Era Begins
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
Analysis of RECs trading – June 29, 2022 session
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
Analysis of RECs trading – May 25, 2022 session
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