NEW DELHI: Sales of renewable energy certificates declined over 22 per cent to 1.25 crore units this fiscal on IEX and PXIL as compered to 1.61 crore in 2017-18, mainly due to lower inventory (supply), according to official data.
In March, sales of RECs or green certificates declined by over 51 per cent to 11.78 lakh from 24.26 lakh in the same month last year.
Indian Energy ExchangeNSE 1.16 % (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country, which are engaged in trading of RECs and electricity.
