CERC asked to approve Indian renewable energy certificate contracts

• 13 years ago (2010-08-30)
• David Flin

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The Indian Energy Exchange (IEX) and Power Exchange India (PXI), both involved in day-ahead energy trading, have approached India’s central Electricity Regulatory Commission (CERC) asking for the introduction of renewable energy certificate (REC) contracts. Both have filed their petitions under Regulations 4 and 7 of the CERC (Power Market) Regulations, 2010.

CERC sources said that it had asked IEX and PXI to undertake a test run of the software for various scenarios, with at least 10 test cases covering the different types of demand/supply curves.

The mechanism aims to promote additional investment into renewable energy projects and to provide an alternative way for renewable energy generators to recover costs.