CERC Grants Approval for Third Power Exchange in India Updated On Thu, Aug 6th, 2020 by Saurenergy CERC has approved Pranurja Solutions, promoted by BSE, PTC Ltd and ICICI Bank, to establish what will become the third power exchange in India The Central Electricity Regulatory Commission (CERC) has approved the petition filed by Pranurja Solutions Ltd, a company promoted by BSE, PTC Ltd and ICICI Bank, to establish what will become the […] Read more
APTEL Defers REC Trading by Four Weeks Updated On Mon, Aug 3rd, 2020 by Saurenergy No REC trading sessions held in July The Appellate Tribunal for Electricity (APTEL) has deferred the renewable energy certificate (REC) trading by a time period of four weeks. July 2020, REC trading session on both the Indian power exchanges, the PXIL and IEX, has been postponed by four weeks due to an APTEL order on […] Read more
Average Power Price in RTM Lowers to Rs 2.22 per Unit in June Updated On Thu, Jul 2nd, 2020 by Saurenergy The average spot power price in the RTM was at Rs 2.22 per unit in June, which is lower than Rs 2.35 per unit in the day-ahead market at the IEX. The average spot power price in the real-time market (RTM) in its first month of operation of June was at Rs 2.22 per unit, […] Read more
Renewable Energy Certificate Sales in May Slip Over 55% to 3.33 Lakh Updated On Mon, Jun 22nd, 2020 by Saurenergy The sale of renewable energy certificates (RECs) during the month of May 2020, has dropped significantly by more than 55 per cent to 3.33 lakh units. As per the official data, 7.5 lakh of renewable energy certificates were sold in the same month a year ago. REC is a type of market-based instrument, and after generation of 1 […] Read more
Green Certificates Trading Mirrors Power Slowdown with 35% Drop Updated On Mon, May 25th, 2020 by Saurenergy Renewable energy certificates (REC) sales slumped by over 35 per cent to 2.37 lakh units in April. In April 2019, total sales had crossed 3.68 lakh. The figures come from the Indian Energy Exchange, the premier platform for trading in these certificates, along ith Power Exchange of India (PXIL). RECs are a significant option for […] Read more
Average Spot Price Remains at Rs 2.36 Low During Lockdown Updated On Wed, Apr 29th, 2020 by Saurenergy The average spot power price has remained as low as Rs 2.36 per unit on the IEX during the lockdown period so far, which began last month The average spot power price has remained as low as Rs 2.36 per unit on the Indian Energy Exchange (IEX) during the lockdown period so far, which began […] Read more
Sale of Green Certificates Surges 79% by 8.38 Lakh Units in March Updated On Mon, Apr 13th, 2020 by Saurenergy The sale of renewable energy certificates (RECs) increased more than 79 percent to 8.38 lakh units during March 2020 mainly on account of good supply. During the month of March in 2019, 4.68 lakh units of renewable energy certificates were sold, as per the official data. RECs are market-based instruments, and a REC is created […] Read more
Peak Power Demand Continues Fall, Down 28% Since March 20 Updated On Tue, Mar 31st, 2020 by Saurenergy Peak power demand in the country dipped over 28% to 117.76 GW on Saturday – March 28, as compared to 163.72 GW on March 20 Peak power demand in the country dipped over 28 percent to 117.76 gigawatts (GW) on Saturday – March 28, 2020, as compared to 163.72 GW on March 20, showing the impact of nationwide lockdown […] Read more
Peak Power Demand Drops 22 Percent to 127.96 GW due to Lockdown Updated On Fri, Mar 27th, 2020 by Saurenergy Peak power demand in the country declined by around 22 percent to 127.96 GW on March 25, 2020, showing the impact of lockdown amid the COVID-19 outbreak. Peak power demand in the country declined by around 22 percent to 127.96 GW on March 25, 2020, compared to 163.72 GW on March 20, showing the impact of lockdown amid COVID-19 outbreak. […] Read more
