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Renewable Energy Certificates

IEX FY24 and March Update- Overall Volumes Up, Green Market Volumes Slump

Indian Energy Exchange (IEX), India’s premier electricity exchange, achieved 110 BU in FY’24, registering an increase of 13.8% on YoY basis. Electricity volumes at 101.7BU increased 12% YoY. Additionally, 75.39 lac RECs (equivalent to 7,539 MU) were traded during FY’24. REC traded volume in FY’24 increased 26% on YoY basis. The Government undertook several measures […]

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EKI Power Trading Appoints Rajiv Goyal As Its CEO, Whole-Time Director

EKI Power Trading Pvt. Ltd. recently announced the appointment of Rajiv Goyal as its Chief Executive Officer (CEO) and Whole-Time Director. With a career spanning over 28 years, Goyal brings experience and expertise in the energy sector to his new role. A graduate of REC Calicut Kerala in Electrical and Electronics Engineering, Goyal furthered his […]

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January Power Market- IEX Reports Highest Ever Volumes, Green Power Slides

Indian Energy Exchange (IEX), India’s leading electricity exchange, achieved the highest-ever total volumes in January 2024, reaching 10,893 million units (MU) – marking a 26.1% year-over-year increase. This volume comprises 9,137 MU from the conventional power market segment, 236 MU from the green market segment, and 15.20 lakh Renewable Energy Certificates (RECs) (equivalent to 1,520 […]

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IEX December Market Update- Green Market Slide Continues with 60% Drop

Indian Energy Exchange,(IEX) India’s premier energy exchange, achieved 9,707 MU overall volume in December’23, including 10.52 Lac Renewable Energy Certificates (RECs) (equivalent to 1052 MU), marking a 14.9% increase on YoY basis. IEX achieved 8,655 MU total electricity volume in December 2023, registering an increase of 8.7% on YoY basis. For the third quarter of […]

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CERC Allows Uttarakhand RE Generator To Avail RECs Despite Delays

The Central Electricity Regulatory Commission (CERC), in its latest judgement used its ‘Power To Relax’ provision to provide relief to Uttarakhand-based renewable energy generators in the matter of the issuance of Renewable Energy Certificates (REC). The order was passed when the petitioner, Dhanashree Agro Products, a Haridwar-based sugar mill, moved the CERC. The sugar mill uses bagasse […]

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IEX Power Market Update for November 2023

Indian Energy Exchange (IEX), India’s largest power trading exchange, had a strong November, achieving 9,136 MU overall volume, including 7.55 Lac Renewable Energy Certificates (RECs) (equivalent to 755 MU), marking a 17.5% increase on YoY basis. IEX achieved 8,371 MU total electricity volume in November 2023, registering an increase of 13% on YoY basis. However, […]

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Tight Power Markets Drive Up Volumes 21% YoY On IEX

Indian Energy Exchange, India’s premier energy exchange, achieved 9260 MU total electricity volume in October 2023, registering an increase of 21% on YoY basis.  IEX achieved 9,483 MU overall volume, including 2.17 Lac Renewable Energy Certificates (RECs) (equivalent to 217 MU) and 5,814 Energy Saving Certificates (ESCerts) (equivalent to 5.8 MU). The overall volume traded during […]

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IEX Reports PAT Exceeding 21% in Q2FY24 Against Q2FY23

The IEX (Indian Energy Exchange) has declared its unaudited consolidated financial results for the second quarter ending September 30, 2023. Particulars Q2FY23 Q2FY24 YoY Total Volume (in BU) 23.1 26.5 14.6% Total Revenue 113.8 133.0 16.9% Total Operating Expense 16.3 16.6 1.8% EBITDA 97.5 116.4 19.4% Finance, Depreciation & Amortization Cost 5.0 5.8 16.0% Share […]

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RE Generators Selling Power At Power Exchanges Can Issue REC: CERC

In its latest order, the Central Electricity Regulatory Commission (CERC) clarified that renewable energy generators are entitled to Renewable Energy Certificates (REC) if they sell their power under the conventional market contracts of power exchanges.   The order came to the fore after Indian Energy Exchange Limited (IEX) moved the Commission seeking approval for the changes made […]

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