LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Commodities  :  Other Commodities  :  Renewable energy certificates sales stood at 17.45 lakh in April-September period

Renewable energy certificates sales stood at 17.45 lakh in April-September period (10-Oct-2016)

The sales of renewable energy certificates (RECs) stood at 17.45 lakh in April-September period, a jump of about 58%, compared to 11.05 lakh in the same period last fiscal indicating increasing compliance of renewable purchase obligations (RPOs). The sale of RECs had increased by about 62% to 49.56 lakh last fiscal as compared to 30.64 lakh in 2014-15. The Central Electricity Regulatory Commission has approved two power exchanges - Indian Energy Exchange (IEX) and Power Exchange India (PXIL) to hold auction of RECs on the last Wednesday of every month.

IEX has sold 11.81 lakh RECs in April-September this fiscal compared to 8.73 lakh in same period in previous financial year. Similarly, PXIL sold 5.64 lakh RECs in the six month period compared to 2.32 lakh a year ago. RECs sale stood at 2.73 lakh in July, 4.68 lakh in June and 1.82 lakh in May this year. The sale of RECs in September this year has dipped to a four-month low of 2.06 lakh on the two exchanges.

Under the REC mechanism, an entity can generate electricity through renewable resources in any part of the country. The generator receives the cost equivalent of electricity produced from any source while the environment attribute is sold through the exchanges at market-determined price.




Top News Today
Rama Vision gets appointed as distributor of Nuby's products
(21-Feb-2018)

Rama Vision gets appointed as distributor of NubyRama Vision has been appointed as the distributor of Nuby's products of Nuby Asia Pacific, which is an established Baby Care Brand of USA for distribution of all its infant care products in India.Rama......click on news to read complete article.

Parag Milk Foods wins two awards for 'Gowardhan Ghee'
(21-Feb-2018)

Parag Milk Foods wins two awards for Parag Milk Foods has received two prestigious awards for its flagship product - Gowardhan Ghee. Consumer Voice ranked Gowardhan Ghee as No. 1 in product testing and The Brand Trust Report declared Gowardhan......click on news to read complete article.

IRIS Business Services bags two orders in South Africa
(21-Feb-2018)

IRIS Business Services bags two orders in South AfricaSouth Africa's business registry, the Competition and Intellectual Property commission (CIPC) has launched its pilot XBRL filing program with technology from global XBRL major, IRIS Business Services.Additionally,......click on news to read complete article.

International Stock News
Asian markets trade mostly higher in early deals on Wednesday
(21-Feb-2018)

Asian markets trade mostly higher in early deals on WednesdayAsian equity benchmarks are trading mostly in green in early deals on Wednesday, supported by better-than-expected manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day......click on news to read complete article.

Asian markets trade mostly higher in early deals on Wednesday
(21-Feb-2018)

Asian markets trade mostly higher in early deals on WednesdayAsian equity benchmarks are trading mostly in green in early deals on Wednesday, supported by better-than-expected manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day......click on news to read complete article.

US markets snap six-day winning streak
(21-Feb-2018)

US markets snap six-day winning streakThe US market snapped six-day winning streak on Tuesday, with the Dow and S&P 500 weighed down by a steep loss for Walmart as investors also watched climbing bond yields, which could make equities......click on news to read complete article.

 

     
  
Recent Other Commodities News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.