REC trading suspension has huge impacts, say traders

01 Dec 2020 CW Staff

Power exchanges like PXIL and IEX say that further suspension on trading of renewable energy certificates (RECs) would have an impact on the ability to meet renewable purchase obligation (RPO) targets. IEX Head Rohit Bajaj said that to fulfil their RPO requirements, the REC market was a key avenue for obligated entities like captive power producers, discoms, and open access consumers.

Trading of RECs got paused in July 2020 after the Appellate Tribunal for Electricity (APTEL) decided to delay trading by four weeks while hearing three petitions against Central Electricity Registry Commission's (CERC) order of determining floor and forbearance prices of RECs, after which trading was not resumed.

Under RPO, bulk purchasers like discoms and open access consumers need to buy a portion of RECs from renewable energy providers. One REC is formed when 1 MWh of electricity is generated from an eligible renewable energy source.

Kapil Dev, PXIL VP of Business Development, was of the opinion that floor and forbearance prices should be left on the market forces to decide. The Green Energy Association, the Indian Wind Power Association, and Techno Electric and Engineering Company Ltd had appealed against the CERC order. In June, the Supreme Court rejected the Green Energy Association's appeal. Industry experts opine that higher REC prices put an additional burden on consumers.

Source: Energy World - The Economic Times

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..