What Led to the Surge in REC Purchases by DISCOMs? Updated On Fri, Apr 11th, 2025 by Saurenergy Union Minister of State for New and Renewable Energy Shripad Yesso Naik, in his latest statement before the Parliament, indicated that the Renewable Energy Certificates (RECs) have seen an upsurge. He attributed this surge to the changes in policy, which have made it more favorable for the power distribution companies (discoms) in the state. He […] Read more
FY 25: IEX Registers 121 Billion Units of Power Traded Updated On Fri, Apr 4th, 2025 by Saurenergy In its March update, Indian Energy Exchange, has achieved its highest ever electricity traded volume of 121 BUs in FY’25, registering an increase of 19% Year-Over-Year (YoY). IEX also recorded the highest-ever yearly trade of RECs in FY’25. A total of 178 lakh Renewable Energy Certificates were traded during the year, marking a 136 % […] Read more
CERC Eases Rules to Permit REC Issuance Despite Delays Updated On Wed, Apr 2nd, 2025 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgment, relaxed existing norms to allow the issuance of Renewable Energy Certificates (RECs) for the Himachal Pradesh State Electricity Board Limited (HPSEBL). The board had earlier approached the central power regulator seeking intervention. The state board alleged it was deprived of RECs due to procedural delays. […] Read more
Average DAM Price At Rs 4.38/Unit, Down 11% YoY: IEX Updated On Wed, Mar 5th, 2025 by Saurenergy Indian Energy Exchange (IEX) achieved monthly electricity traded volume of 9,622 MU in February ’25, marking a 9% increase year-on-year. A total of 16.37 lakh Renewable Energy Certificates (RECs) were traded during the month, marking a 167% year on year increase. According to a government data published in February ’25, the country’s energy consumption reached […] Read more
January Power Market- DAM Prices Drift Lower, Green Volumes Up 218% YoY Updated On Wed, Feb 5th, 2025 by Saurenergy Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 10,910 MU in January’25, marking a 16% increase on year-on-year basis. IEX recorded highest ever monthly trade of RECs in January ’25. A total of 38.03 lakh Renewable Energy Certificates were traded during the month, marking a 150% year on year increase. […] Read more
Tata Steel Slips Up On RPO Obligations In Jharkhand, Penalised Updated On Tue, Jan 28th, 2025 by Saurenergy In an order involving Tata Steel and the JSERC versus Green Energy Association, the Appellate Tribunal For Electricity (APTEL) has ruled against the exemption from Renewable Purchase Obligation (RPO) for Tata Steel during the years 2011-14. The main issue was Tata Steel’s contention that its captive cogeneration exceeded the RPO requirement, an argument that managed […] Read more
IEX Q3 Results-Revenues Up 13.7%, PAT Up 22.8% Updated On Fri, Jan 24th, 2025 by Saurenergy Indian Energy Exchange (IEX), the largest electricity trading exchange in India, has reported its results for the third quarter of FY25. The firm reported electricity volumes of 30.5 Billion Units in Q3FY’25, a 15.9% increase from 26.3 BUs in Q3 FY’24. Renewable energy certificates in Q3FY’25 at 26.52 lakhs, increased 31% from 20.24 lakh in […] Read more
December 2024: DAM Prices Dip 14% YoY, Avg RE Prices At Rs 3.92/unit Updated On Mon, Jan 6th, 2025 by Saurenergy Indian Energy Exchange (IEX), achieved its highest-ever monthly electricity traded volume of 11,132 MU in December’24, marking a 29% increase on a year-on-year (YoY) basis. During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58% year-on-year increase. For December 2024, the Market Clearing Price in the Day Ahead Market was Rs. 3.89/unit, […] Read more
November Power Trading- Electricity Prices Drop17% YoY Updated On Wed, Dec 4th, 2024 by Saurenergy Indian Energy Exchange, India’s largest electricity exchange, achieved electricity traded volume of 9,689 MU in November’24, marking a 15.7% year on year increase. During the month, IEX traded 5.46 lakh renewable energy certificates recording a 27.7% year on year decrease. According to government data published in November 2024, the country’s energy consumption reached 125 BUs, […] Read more
