Renewable Energy (RE) is energy which is produced from such resources that are
naturally replenished such that there is no depletion of any natural resources.
These include biomass, biogas, the sun, wind, and small hydro power among others.
A Renewable Energy Certificate (REC) is a market based instrument which provides evidence
that a generator has produced a certain amount of electricity from a RE resource.
A Renewable Energy Certificate signifies the environmental attribute of the renewable energy.
RECs can be traded in the market to meet Renewable Purchase Obligation (RPO) Which refers to
Renewable Purchase Obligation and is mandated by SERCs and alongwith other Acts is mainly guided
by CERC (Terms for Issuance and Recognition of Renewable Energy Certificate for Renewable Energy
Generation) Regulations, 2010.
Trading in Renewable Energy Certificates, REC, products PXIL secured permission
from the Hon’ble Commission to trade in the REC Market on September 17, 2010. NLDC
has been designated as the Central Agency for the REC scheme which has been initiated
to garner investment in Renewable Energy production.
As in the case of the physical power trading platform, PXIL has developed the REC trading
platform in-house, leveraging on its superior product development skills and understanding