Sales of renewable energy certificates fell around 10 per cent to 5.04 lakh units in December as compared to 5.59 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are engaged in trading of renewable energy certificates (RECs) and electricity.
The trading of RECs is conducted on the last Wednesday of every month. But due to Christmas holiday, the trading this month was done on the last Thursday. According to official data, IEX saw total trade of 3.6 lakh RECs in December as compared to 3.83 lakh in the same month last year. Similarly, PXIL recorded sale of 1.44 lakh RECs in the month as compared to 1.76 lakh in December 2018.
The IEX data showed that both non-solar and solar RECs continued to see low supply situation, with buy bids exceeding sell bids due to low inventory.
