Regulatory Developments in Power Trading Sector: March 12, 2025
CERC dismisses PXIL’s proposal for new REC trading mechanisms The Central Electricity Regulatory Commission (CERC) has dismissed Power Exchange India Limited’s (PXIL) proposal to introduce new trading mechanisms for Renewable Energy Certificates (RECs), including reverse auction, forward auction, and continuous matching contracts. The decision, dated March 1, 2025, was made to avoid market fragmentation and liquidity issues in the REC market, which remains relatively small. PXIL had sought approval for these mechanisms to enhance…