Further suspension on trading of renewable energy certificates (RECs) would impact state power distribution utilities' ability to meet renewable purchase obligation (RPO) targets, electricity exchanges PXIL and IEX said, stressing that the trade should be resumed at the earliest.
Talking to PTI, Indian Energy Exchange (IEX) Head and Senior Vice President - Business Development Rohit Bajaj said, “REC market is a key avenue for obligated entities such as captive power producers, discoms and open access consumers to fulfil their RPO requirements.
“Owing to the pause in REC trade since the last five months (July 2020), and compliance year coming to an end in the next four months, any further delay in resuming the trade will greatly impact their ability to meet their RPO targets in a timely manner,” he added.
With renewable energy taking a centre stage in India's energy future, such matters require expeditious resolution to keep the country on track to achieve its renewable targets, Bajaj said.
“We hope that honourable APTEL soon issues the final order so that the trading can commence in December,” he added.
