renewable energy certificates

  • Regulatory Updates

    CERC proposes amendments to REC framework

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    The Central Electricity Regulatory Commission (CERC) has released draft amendments to the Renewable Energy Certificate (REC) regulations, marking the first revision since the rules were introduced in December 2022.  The draft, published on 22 September 2025, seeks to address stakeholder concerns, update the multiplier system, and introduce provisions for Virtual Power Purchase Agreements (VPPAs). The Commission has invited public comments on the draft until 23 October 2025.   Clarifications on eligibility and DISCOM timelines The amendments…

  • India | News

    IEX records monthly electricity traded volume of 11,132 MU

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    Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded. For the first nine months of FY25, IEX’s electricity traded volume reached 88,981 MU, reflecting a 19% year-on-year growth. The third quarter saw a 16% increase in traded volume, with 30,464 MU and a 31% rise in…