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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..