A total of 81,545 non-solar renewable energy certificates (RECs) were traded at the Indian Energy Exchange in August, a decline of 40 per cent over the same month last year due to lack of clarity on GST applicability on RECs.
“The REC trade volume decreased over the same period last year by 40 per cent. This happened largely due to the lack of clarity on application of GST on RECs and thus few major buyers like DISCOMS avoided purchase of RECs (renewable energy certificates),” the Indian Energy Exchange (IEX) said in a statement.
A total of 81,545 non-solar RECs were traded in the REC trading session held on August 30, 2017 at IEX, it said.
“All buy bids were cleared at a floor price of Rs 1,500 per REC prevalent earlier,” it said adding that the Open Access Consumers were the major buyers in this session.
IEX is power exchange providing an automated trading platform for physical delivery of electricity. IEX enables efficient price discovery and offers participants the opportunity to trade in electricity contracts.
Source: PTI
