Transaction in electricity & clean energy certificates are exempted from TCS & TDS
The Central Board of Direct Taxes (CBDT) issued new guidelines for the applicability of Tax deducted at Source (TDS) and Tax collected at source (TCS). Under the new guidelines, e-commerce operations which include transactions in electricity and trading of clean
REC Trade Result – June 2020
The June trade session saw the Non-solar clearing price maintaining a low profile at the floor price of INR 1,000 at both the exchange platforms. However, Solar Market Clearing Price (MCP) crashed to INR 1,010 on PXIL and INR 1000
REC Trade Result – May 2020
The May trade session saw the Non-solar clearing price maintaining a low profile at the floor price of INR 1,000 (Since March 2020, consecutively for the second month, the non-solar clearing price are at the floor price) at both the
REC Trade Result – April 2020
The April trade session saw the Non-solar clearing price maintaining a low profile at the floor price of INR 1,000 at both the exchange platforms. However, Solar Market Clearing Price (MCP) crashed to INR 2,000 on PXIL . This being
CERC proposes draft floor & forbearance price for Solar & Non-solar RECs
The Central Electricity Regulatory Commission(CERC) recently issued a draft order regarding the revision of floor & forbearance price of the Renewable Energy Certificates (RECs). In line with the Electricity Act 2003 Renewable Purchase Obligation, RECs were introduced as tradable market instruments
REC Trade Result – March 2020
As the country fights COVID - 19 and the markets across the world take the brunt of it, the REC Trade was also not spared from its wrath. The Non-solar clearing price came swingeing down to the floor price of
REC Trade Result – February 2020
RECs trading in February saw significantly high volume, driven by two factors - a) very high issuance of RECs (available RECs were 8.2 million this month compared to 2 million last month) and b) high demand as we approach the
REC Trade Result – January 2020
The January trade continued the trend at high MCP of Rs 2,400 for solar RECs on both the exchanges while it also crossed the INR 2,000 trend for Non-solar on both IEX & PXIL almost after eight years. With the
RECs to get expired soon get extension, to remain valid till March 2020
Recently the Central Electricity Regulatory Commission published an order, extending the expiry date of the RECs which were due to expire between November 2019 & March 2020. The commission had earlier via an order data 30.04.2019 following a petition no.
REC Trade Result – December 2019
The December trade continued the trend at high MCP of Rs 2,400 for solar RECs on both the exchanges. The demand for solar increased on both IEX & PXIL. In the case of Non-solar, the demand increased on IEX but