Lok Sabha Question No. 832 (UNSTARRED), answered on 2016-04-28
Subject: Trading of RECs on Energy Exchanges
Ministry: NEW AND RENEWABLE ENERGY
Asked by: MALLIKARJUN  KHARGE

## LOK SABHA UNSTARRED QUESTION No. 832 ON 28.04.2016

## TRADING OF RECs ON ENERGY EXCHANGES

| QUESTION                                                                                                                | ANSWER                                                                                                                                              | ANSWER                                                                                                                                              | ANSWER                                                                                                                                              | ANSWER                                                                                                                                              |
|-------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| SHRI MALLIKARJUN KHARGE:                                                                                                | MINISTER OF NEW AND RENEWABLE ENERGY                                                                                                                | MINISTER OF NEW AND RENEWABLE ENERGY                                                                                                                | MINISTER OF NEW AND RENEWABLE ENERGY                                                                                                                | MINISTER OF NEW AND RENEWABLE ENERGY                                                                                                                |
| Will the Minister of NEW AND RENEWABLE ENERGY be pleased to State:                                                      | (SHRI PIYUSH GOYAL)                                                                                                                                 | (SHRI PIYUSH GOYAL)                                                                                                                                 | (SHRI PIYUSH GOYAL)                                                                                                                                 | (SHRI PIYUSH GOYAL)                                                                                                                                 |
| (a) The volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months; | (a): The details of volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months are given below: | (a): The details of volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months are given below: | (a): The details of volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months are given below: | (a): The details of volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months are given below: |
| (a) The volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months; | No. Power                                                                                                                                           | S. No.                                                                                                                                              | Month, Year                                                                                                                                         | of Solar RECs traded through Exchanges                                                                                                              |
| (a) The volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months; |                                                                                                                                                     | 1                                                                                                                                                   | October, 2015                                                                                                                                       | 13,851                                                                                                                                              |
| (a) The volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months; |                                                                                                                                                     | 2                                                                                                                                                   | November, 2015                                                                                                                                      | 87,767                                                                                                                                              |
| (a) The volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months; |                                                                                                                                                     | 3                                                                                                                                                   | December, 2015                                                                                                                                      | 61,602                                                                                                                                              |
| (a) The volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months; |                                                                                                                                                     | 4                                                                                                                                                   | January, 2016                                                                                                                                       | 57,420                                                                                                                                              |
| (a) The volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months; |                                                                                                                                                     | 5                                                                                                                                                   | February, 2016                                                                                                                                      | 90,236                                                                                                                                              |
| (a) The volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months; |                                                                                                                                                     | 6                                                                                                                                                   | March, 2016                                                                                                                                         | 1,52,066                                                                                                                                            |
|                                                                                                                         |                                                                                                                                                     |                                                                                                                                                     | Total                                                                                                                                               | 4,62,942                                                                                                                                            |
| (b) whether there has been a decline in trading of RECs over the last                                                   |                                                                                                                                                     |                                                                                                                                                     |                                                                                                                                                     |                                                                                                                                                     |
| couple of months;                                                                                                       | (b) and (c) : No, Madam. There is no decline in trading of RECs over the last couple of months, as may be                                           | from reply                                                                                                                                          | to part (a).                                                                                                                                        | (b) and (c) : No, Madam. There is no decline in trading of RECs over the last couple of months, as may be                                           |
| (c) if so, the details thereof;                                                                                         |                                                                                                                                                     |                                                                                                                                                     |                                                                                                                                                     |                                                                                                                                                     |

| (d) whether there is a decline in trading of RECs and it has been fuelled by a decline in cost of solar power plants; and   | (d) and (e): The price of solar RECs has also been reduced by Central Electricity Regulatory Commission (CERC) from Rs. 9.30/kWh to Rs. 3.50/kWh   |
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| (e) if so, the details thereof and the reasons therefor?                                                                    | (d) and (e): The price of solar RECs has also been reduced by Central Electricity Regulatory Commission (CERC) from Rs. 9.30/kWh to Rs. 3.50/kWh   |

## GOVERNMENT OF INDIA

## MINISTRY OF NEW AND RENEWABLE ENERGY

## LOK SABHA UNSTARRED QUESTION NO. 832

TO BE ANSWERED ON 28.04.2016

## TRADING OF RECs ON ENERGY EXCHANGES

## 832.     SHRI MALLIKARJUN KHARGE:

Will the Minister of New and Renewable Energy be pleased to state:

- (a) the  volume  of  trading  in  Solar  Renewable  Energy  Certificates  (RECs)  on  energy exchanges during the last six months;
- (b) whether there has been a decline in trading of RECs over the last couple of months;
- (c) if so, the details thereof;
- (d) whether there is a decline in trading of RECs and it has been fuelled by a decline in cost of solar power plants; and
- (e) if so, the details thereof and the reasons therefor?
- ANSWER

THE MINISTER OF STATE FOR POWER, COAL & NEW AND RENEWABLE ENERGY (INDEPENDENT CHARGE) (SHRI PIYUSH GOYAL)

- (a): The details of volume of trading in Solar Renewable Energy Certificates (RECs) on energy exchanges during the last six months are given below:

| S. No.   | Month, Year    | No. of Solar RECs traded through Power Exchanges   |
|----------|----------------|----------------------------------------------------|
| 1        | October, 2015  | 13,851                                             |
| 2        | November, 2015 | 87,767                                             |
| 3        | December, 2015 | 61,602                                             |
| 4        | January, 2016  | 57,420                                             |
| 5        | February, 2016 | 90,236                                             |
| 6        | March, 2016    | 1,52,066                                           |
|          | Total          | 4,62,942                                           |

(b)&(c): No, Madam. There is no decline in trading of RECs over the last couple of months, as may be seen from reply to part (a).

(d)&(e): The  price  of  solar  RECs  has  also  been  reduced  by  Central  Electricity Regulatory Commission (CERC) from Rs. 9.30/kWh to Rs. 3.50/kWh

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