Sales of renewable energy certificates dipped 50 per cent to 3.49 lakh units in June compared to 6.98 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 2.29 lakh RECs were traded on the Indian Energy Exchange (IEX) in June, compared to 4.19 lakh in the same month of 2019. Power Exchange of India (PXIL) recorded sales of around 1.2 lakh RECs in June as against 2.79 lakh earlier.
