The REC trading session for the month – April 2014 concluded on Wednesday. The end of the financial year saw a spike in trading in March 2014 but following this, the momentum has not kept up. The traded volume of both solar and non-solar RECs tanked significantly at both the energy exchanges.
The traded volume of solar RECs fell by about 91% compared to the numbers posted last month while the traded volume of the non-solar RECs fell by about 88% compared to last month.
Both Solar and non-solar RECs continue to be traded at their floor price of Rs. 9,300 and Rs.1,500 per REC respectively.
Solar REC
Non-Solar REC
REC Inventory
If I generate say, 100,000 tons of steam per year using concentrated solar, for process heat, how many solar REC would I get? What is the metrics towards process heat? Is there any policy guidelines for India?
Regards
Rajan Beeshman
Director-Yinvent
Dear Rajan,
Solar Thermal is not included in the REC mechanism.
Madhavan
thanking you sir for giving update news about solar the REC system is safer for commercial power plant kindly feedback plz- rameshbabu
Dear Madhavan
Is it not a policy flaw? something which is at 60% efficiency, should be given the due…Is this not in agenda with MNRE?
Warmth
Rajan Beeshman
Dear Rajan,
Energy efficiency is covered under the PAT(Perform, Achieve, Trade) mechanism for industries.
Madhavan
1. What is the exact content of one REC & is that international coding?
2. Are REC’s also used for disclosure (proof to final consumers they use certain amount of specific renewable)?
3. Can REC’s from India be exported?
Dear Egbert,
a. One REC is equivalent to 1 MWh.
b. Some companies purchase RECs voluntarily as part of their Corporate Social Responsibility(CSR) initiatives.
c, Currently, RECs are only national in scope and cannot be exported.
Madhavan
The April 2014 numbers are very disappointing indeed! However, this being the first month of the year, it is expected, isn’t it? People fulfill their obligations for a particular financial year in the last few months, if at all. That explains the much higher trading volumes in Jan, Feb, and March of 2013.
Prashant.