Indian Energy Exchange resumes trading of Renewable Energy Certificates

The Indian Energy Exchange has announced the resumption in the trading of Renewable Energy Certificates (REC) with effect from Wednesday 24 November 2021, after a gap of almost 16 months. The last REC trade session took place in June 2020.

The trade has been resumed in line with APTEL's recent order dated 09.11.2021 and CERC order dated 18.11.2021

Commenting on the development Mr. Rohit Bajaj, Head- Business Development and Senior Vice President, Indian Energy Exchange Limited said, "We are pleased to re-commence trade in the REC Market. REC has been a vital market-based instrument for obligated entities such as distribution utilities, open access consumers, and captive power plants for meeting their RPO in the most competitive and efficient manner. IEX pioneered trade in REC market in the year 2010. The Exchange has cumulatively traded 390 lacs renewable energy certificates since commencement of the market in the year 2010, and has been playing a significant role in supporting the transition to a sustainable energy economy."

Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 769.20 as compared to the previous close of Rs. 786.15. The total number of shares traded during the day was 591392 in over 35472 trades.

The stock hit an intraday high of Rs. 793.50 and intraday low of 753.90. The net turnover during the day was Rs. 454502343.00.

Source : Equity Bulls

Keywords

IndianEnergyExchangeLimited INE022Q01020 IEX RenewableEnergyCertificates TradingResumption