Green certificate sales down 55% to 3.33 lakh in May
NEW DELHI: Sales of renewable energy certificates dropped over 55 per cent to 3.33 lakh units in May compared to 7.5 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated from an eligible renewable energy source.
According to official data, a total of 2.78 lakh RECs were traded on the Indian Energy ExchangeNSE 4.41 % (IEX) in May, compared to 5.5 lakh in the same month of 2019.
Power Exchange of India (PXIL) recorded sales of 0.55 lakh RECs in May as against around 2 lakh earlier.
