CERC rejects IEX plea for renewable energy spot trading

The CERC has rejected the Indian Energy Exchange’s (IEX) proposal to introduce spot trading of renewable energy on its platform. According to the commission, the current market scenario is not feasible to introduce a green day-ahead market (G-DAM) on the lines of regular day-ahead markets. Moreover, the CERC noted that no substantial data is available, which can reflect the quantity of surplus renewable power; renewable energy is infirm and unpredictable in nature; and G-DAM will come in conflict with existing products such as feed-in tariffs and renewable energy certificates.

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