Power Exchange India Limited (PXIL) successfully held its first Renewable Energy Certificate (REC) trading session for May 2025, following directions from the Central Electricity Regulatory Commission (CERC) under Order 379-MP-2024. This was the third trading session for the financial year 2025–26 and the 48th overall since the new REC rules came into effect on December 5, 2022.
During this session, 3.15 lakh RECs were traded. Before the auction, over 418.86 lakh RECs were available in the market. The trading was carried out in line with a Delhi High Court order dated May 11, 2023, which removed earlier restrictions on selling RECs issued before October 31, 2022. This allowed all available RECs to be eligible for trade.
The session included two types of trades:
- Non-solar RECs issued before April 1, 2017, sold at a floor price of Rs. 1,500 per MWh, as per a 2017 CERC order.
- RECs from different renewable sources such as solar, wind, hydro, small hydro, biomass, and others.
The session highlights PXIL’s ongoing role in supporting clean energy trading and making the REC market more accessible.
