IndiaCore logo IndiaCore
India Core AD



Featured Reports & Publications
 Upcoming Titles


Overview of New & Renewable Energy Sectors in India


Energy Efficiency Scenario in India

India Core Reports
 




IndiaCore Site




 

 

 
 

Renewable Energy Certificate trade at PXIL witnesses nearly a 3-fold jump- By power exchange india limited


Auction Date:31/10/2012

Particular

Non-Solar

Solar

Total Sale Bid

161, 483

1012

Total Buy Bid

90,469

2100

Clearing Price (Rs/Certificate)

1,500

12,500

Cleared Volume

90,469

971

The Renewable Energy Certificate (REC) trade has seen 3-fold jump in the month of October 2012 over the previous month.  The total number of certificates traded on Power Exchange India Limited (PXIL) platform was 91440 (Solar – 971 and Non-Solar - 90469) representing 41% of market share when compared to September 2012 trade of 25507 (Solar -425 and Non-Solar – 25082) RECs, PXIL doubled the trade of Solar RECs and had a  4-fold increase in trade of Non-Solar RECs. This growth in the REC Market is a welcome signal as it indicates the willingness of Obligated Entities to fulfill part of their Renewable Purchase Obligation (RPO) by purchasing RECs at the Power Exchange. 

The REC Market was stagnant due to unwillingness of Obligated Entities to buy RECs coupled with lack of awareness on the REC scheme.  However, pressure exerted by the Central Electricity Regulatory Commission (CERC) and State Electricity Regulatory Commissions (SERCs) along with increased awareness generated through the efforts of Power Exchanges, National Load Despatch Centre (NLDC), State Load Despatch Centres (SLDCs), Ministry of New and Renewable Energy(MNRE), Ministry of Power(MoP), etc has started to bear fruits.

“The increased participation in the REC trade by Obligated Entities like State Distribution licensees is a welcome development. This will provide a much needed fillip to the Market, encourage RE generators and ensure India’s march towards a greener environment for its citizens” said Mrs. Rupa Devi Singh, MD & CEO of PXIL. Mr. Rahul Bhandare, CMD of Knowledge Infrastructure Systems Private Limited said that “Knowledge Infrastructure is committed towards the development of the Energy sector in India, especially of Renewable Power. We have been trading in Renewable Energy Certificates for some time now. We perceive that enhanced participation from all stake holders is an indication of the growing awareness in India of the significance of Renewable Power”.

The REC trade mechanism was introduced under the Electricity Act-2003 and the National Action Plan on Climate Change-2008 (NAPCC) with the objective of addressing the mismatch between availability of Renewable Energy (RE) sources and compliance to Renewable Purchase Obligations (RPO). Under this mechanism, the Obligated Entities who are unable to meet their RPO targets due to insufficient RE based generation within the State can now fulfill their RPO requirements by purchasing REC on the Power Exchanges. The Sellers of REC are RE generators who have the option of either selling the Renewable Energy at Preferential Tariff determined by SERCs or Sell the generated electricity at the Average Power Purchase Cost (APPC) to the Distribution licensee and receive RECs from NLDC as the associated environmental attribute. The RECs are later traded at the Power Exchanges.

 

About PXIL

Power Exchange India Limited (PXIL) is India’s first institutionally promoted Power Exchange that provides innovative and credible solutions to transform the Indian Power Markets. It is a joint venture of National Stock Exchange (NSE) and National Commodity & Derivatives Exchange (NCDEX). PXIL’s unique combination of local insights and global perspectives helps its stakeholders make better informed business and investment decisions. The Exchange is currently operating in Day Ahead, Week Ahead and a Contingency Market as well. 

 

For more information, please visit www.powerexindia.com or contact:

POWER EXCHANGE INDIA LIMITED
5th Floor, Tower 3
Equinox Business Park
( Peninsula Techno Park) off BKC
L.B.S. Marg, Kurla (W)
Mumbai-400 070, India
Tel:+91-22-26530500
Fax: +91-22-26598512

 

 

The statements or opinions or product features are those of the company and are not necessarily agreed or authorised or endorsed by IndiaCore.com.


For Fee Based detailed analysis & value added information on the Indian Core Sectors, please contact us at info@IndiaCore.com

 
Upcoming IndiaCore Organised/ Partnered/ Supported/ Endorsed Events

Coaltrans China 2019, April 8- 10, 2019 || Shangai, China

coaltrans-china-2019


Tech Supply Chain Conference & Exposition 2019, April 11- 12, 2019 || Bengaluru, INDIA

tech-supply-chain-2019


5th World Heart Congress 2019, April 15- 16 2019 || Amsterdam, Netherlands

5-world-heart-congress-2019


Ophthalmology Summit 2019, April 18– 19, 2019 || Rome, Italy

insights-in-ophthalmology-2019


Pediatric Cardiology and Health 2019, April 22- 23 2019 || Madrid, Spain

pediatric-cardiology-and-health-2019


RenewX 2019, April 26- 27, 2019|| Hyderabad, India


The 9th Asia-Pacific Floor Fair 2019, May 9- 11, 2019 || Guangzhou

ninth-asia-pacific-floor-fair-2019


13th China (Guangzhou) International Billiards Exhibition 2019, May 9- 11, 2019 || Guangzhou

13-china-international-billiards-exhibition-2019


ASEAN Sustainable Energy Week 2019, June 5- 8, 2019 || Bangkok, THAILAND

asean-sustainable-energy-week-2019


6th International Conference on Cardiology and Cardiovascular Medicine 2019, June 17- 18, 2019 || Dublin, Ireland


31st Annual Cardiologists Conference 2019, June 17- 19, 2019 || Rome, Italy


Coaltrans Asia 2019, June 23- 25, 2019 || Nusa Dua, Indonesia

coaltrans-asia-2019


Coaltrans Poland 2019, June 2019


International Conference on Biomarkers and Clinical Research 2019, July 15- 16, 2019|| Abu Dhabi, UAE

India Surface Treatment and Finishing Expo 2019, August 8- 10, 2019 || New Delhi, INDIA

istf-expo-2019


4th Asia (Guangzhou) Battery Sourcing Fair 2019 (GBF ASIA 2019), August 16- 18, 2019 || China

World Pediatric Cardiology and Cardiothoracic Surgery Congress, September 9- 10, 2019 || Dubai, UAE


The 2nd POWER WEEK AFRICA 2019, September 9- 13, 2019 || Johannesburg

power-week-africa-2019


Coaltrans Asia Pacific 2019, September 2019


Coaltrans South Africa 2019, September 2019


Coaltrans Africa 2019, September 2019


Coaltrans School of Coal (Europe) 2019, September 2019 || Oxford,UK


Coaltrans Emerging Asian Coal Markets 2019, October/November 2019


32nd European Cardiology Conference, October 24- 26, 2019 || Zurich, Switzerland

european-cardiology-conference-2019


World Infectious and Rare Diseases Congress (WIRC 2019), October 28-29, 2019|| Budapest, Hungary

The 5th POWER WEEK ASIA 2019, November 11- 15, 2019 || Singapore

power-week-asia-2019


13th International Conference on Surgery and Anaesthesia 2019, November 14- 15, 2019|| Brisbane, Australia


World Conference on Vaccine and Immunology, November 21- 22, 2019 || Dubai, UAE


Road Infrastructure- Safety, Operation & Management, TBA || Mumbai. INDIA


Mining & Mineral Exploration Conclave- ‘Need for Modernisation & Capacity Enhancement in the Indian Mining Industry’, TBA || New Delhi. INDIA


The Madhya Pradesh Agri Summit & Mela, (TBA) || Bhopal. Madhya Pradesh


'Thermal Power India’, TBA || New Delhi. INDIA

TPI-2012


Indian Solar Thermal Energy & PV Conference, TBA || New Delhi. INDIA


Energy Efficiency Forum, TBA || New Delhi. INDIA


Smart Energy & Smart Metering India- 'Convergence of IT, Automation, Control & Communication', TBA || New Delhi. INDIA


Tech Supply Chain Conference & Exposition 2019, April 11- 12, 2019 || Bengaluru, INDIA
Directories
Conference Proceedings
 
 

Join our Mailing List to receive Information Updates on Events, Happenings, Book Release, Developments in the Core Sector

IndiaCore listing

 
       
IndiaCore Banner
 


Copyright © IndiaCore. All Rights Reserved. Terms of Use & Privacy Policy
Site Designed & Maintained by India Core
IndiaCore.com - The Online Resource for Information on the Indian Infrastructure & Core Sectors