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Title: Renewable energy certificate sales down 50% to 3.49 lakh in June
Source:The Economic Times
Date:28 July 2020

Sales of renewable energy certificates dipped 50 per cent to 3.49 lakh units in June 2020 compared to 6.98 lakh in the same month in 2019, according to official data. One REC is created when one megawatt hour of electricity is generated from an eligible renewable energy source. According to official data, a total of 2.29 lakh RECs were traded on the IEX (Indian Energy Exchange) in June 2020, compared to 4.19 lakh in the same month of 2019. Power Exchange of India (PXIL) recorded sales of around 1.2 lakh RECs in June as against 2.79 lakh earlier.

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