IEX and PXIL to resume trading of RECs

The Indian Energy Exchange (IEX) and Power Exchange of India Limited (PXIL) will resume trading of renewable energy certificates (RECs) from November 24, 2021. The exchanges have resumed this trade after a gap of about 16 months. REC trading was suspended in July 2020 after the Appellate Tribunal for Electricity (APTEL) decided to postpone trading by four weeks while hearing petitions by the Central Electricity Regu­latory Com­mission (CERC). The trade has been resumed in line with APTEL’s order dated November 9, 2021 and the CERC’s order dated November 18, 2021.