Power exchanges seek reopening of green certificate trading as APTEL looks into floor price issue

The Indian Energy Exchange (IEX) and Power Exchange India (PXIL) have sought for reopening the trading of renewable energy certificates (REC).

The IEX and PXIL are of the view that issues related to fixing floor and forbearance prices of REC by the Central Electricity Regulatory Commission (CERC) can be settled in the Appellate Tribunal for Electricity (APTEL). In July 2020, APTEL had postponed the trading of REC scheduled on July 29 by four weeks till August 26, after hearing three separate appeals filed by the Green Energy Association, the Indian Wind Power Association and Techno Electric and Engineering Company Limited against the CERC order issued on fixing REC floor and forbearance prices.