prasad1
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Showing continued sluggishness in the renewable energy certificates market, more than one crore such certificates remain unsold at the power bourse IEX, even as the government aims to boost green energy generation in the country.
Renewable Energy Certificates (RECs) are aimed at providing an easier avenue for various entities, including power distribution companies, to meet their green-energy obligations. One REC is equivalent to 1 MWh of electricity generated from renewable sources.
However, the trading of these certificates on Indian Energy Exchange (IEX) has remained sluggish. The exchange accounts for over 90 per cent of the domestic electricity trading market. IEX Director (Business Development) Rajesh K Mediratta said the inventory of RECs has been ever growing since the inception of the market as demand for them is fairly low.
Under REC mechanism, an entity can generate electricity through renewable resources in any part of the country. The generator receives the cost equivalent of electricity produced from any source while the environment attribute is sold through the exchanges at market-determined price. At present, there are two power exchanges in the country — IEX and Power Exchange India (PXIL).
Over 1 crore renewable energy certificates unsold at IEX - The Times of India
Why are we not motivated to use alternative energy? In Nepal even the Chaiwala has solar Panels on his cart.
Renewable Energy Certificates (RECs) are aimed at providing an easier avenue for various entities, including power distribution companies, to meet their green-energy obligations. One REC is equivalent to 1 MWh of electricity generated from renewable sources.
However, the trading of these certificates on Indian Energy Exchange (IEX) has remained sluggish. The exchange accounts for over 90 per cent of the domestic electricity trading market. IEX Director (Business Development) Rajesh K Mediratta said the inventory of RECs has been ever growing since the inception of the market as demand for them is fairly low.
Under REC mechanism, an entity can generate electricity through renewable resources in any part of the country. The generator receives the cost equivalent of electricity produced from any source while the environment attribute is sold through the exchanges at market-determined price. At present, there are two power exchanges in the country — IEX and Power Exchange India (PXIL).
Over 1 crore renewable energy certificates unsold at IEX - The Times of India
Why are we not motivated to use alternative energy? In Nepal even the Chaiwala has solar Panels on his cart.
