Latest news with #RECs
Bangkok Post
5 days ago
- Business
- Bangkok Post
CK Power earns regional recognition from FinanceAsia
CK Power Plc, a leading renewable energy producer in Southeast Asia, has been awarded the Bronze Award for Best Managed Company in the Asia's Best Companies Poll 2025 by FinanceAsia, a financial publication based in Hong Kong. The recognition underscores CKPower's effective corporate management, strong investor confidence, and commitment to sustainable growth across the region. The annual poll evaluates Asia's top-performing companies based on input from fund managers, analysts, investors, and financial experts. Key criteria include corporate strategy, transparency in investor relations, consistent growth, and resilience in a dynamic economic environment. Thanawat Trivisvavet, managing director of CKPower, said the award reflects the company's commitment to good governance, transparency, and long-term sustainability. 'This accolade reinforces our ability to maintain stability amid global uncertainties and energy transition challenges,' he said. 'Our success is driven by the C-K-P strategy: Clean Electricity, Kind Neighbour, and Partnership for Life.' Under this strategy, CKPower aims to achieve 100% renewable energy consumption within its operations by 2043, with more than 95% of its installed capacity to be from renewables. The company has committed to reaching net-zero greenhouse gas emissions by 2050. It also prioritises community engagement, human rights, and ethical business conduct, while fostering inclusive and sustainable development. Looking ahead, CKPower plans to scale up its renewable energy portfolio, focusing on both hydropower and solar. This includes expanding solar capacity through private power purchase agreements and government auctions, with support from the sale of Renewable Energy Certificates (RECs).
Daily News Egypt
12-07-2025
- Politics
- Daily News Egypt
Al-Sisi attends high-level African summit to strengthen continental coordination, regional integration
Egyptian President Abdel Fattah Al-Sisi has arrived in Malabo, the capital of Equatorial Guinea, to take part in the 7th Mid-Year Coordination Meeting (MYCM) of the African Union (AU) — a key platform for advancing regional integration and aligning continental strategies. Presidential spokesperson Mohamed El-Shinawy stated that President Al-Sisi is participating in the summit in his capacity as Chair of the North Africa Regional Mechanism and Chairperson of the Heads of State and Government Orientation Committee of the African Union Development Agency (AUDA-NEPAD). During the meeting, President Al-Sisi is expected to outline Egypt's efforts to strengthen the effectiveness of these mechanisms, with a particular focus on linking peace and security initiatives to broader development goals aimed at achieving sustainable stability across Africa. The MYCM, established in 2017 to replace the AU's traditional mid-year summits, convenes a select group of African leaders, including the Chairpersons of Regional Economic Communities (RECs), AU Commissioners, and heads of regional mechanisms. Its primary aim is to coordinate and harmonise the work of the AU and RECs to accelerate the implementation of the AU's Agenda 2063 — the continent's strategic framework for inclusive growth and sustainable development. In line with AU protocols, the MYCM performs several critical functions: reviewing the current state of continental integration; coordinating the division of labour between the AU, member states, RECs, and other regional mechanisms; and aligning policies across various sectors. The meeting also serves to identify areas of cooperation, establish mechanisms for collaboration at regional and continental levels, and assess progress in implementing AU decisions and legal frameworks related to inter-institutional relations. On the sidelines of the summit, President Al-Sisi is also scheduled to hold bilateral talks with several African heads of state. These meetings will focus on addressing pressing challenges confronting the continent and exploring avenues to enhance political and economic stability in pursuit of shared development aspirations. Egypt's participation in the summit comes at a pivotal time, as Africa navigates a complex landscape marked by climate change, armed conflicts, food insecurity, and demographic pressures — all against the backdrop of ongoing efforts to deepen continental unity and advance regional cooperation.
National Post
09-07-2025
- Business
- National Post
Nodal Exchange Achieves Strong Performance in Power, Gas and Environmental Futures in the First Half of 2025
Article content WASHINGTON — Nodal Exchange today announced strong performance in power, environmental, and natural gas futures as of the end of June 2025. Nodal achieved 1.481 billion MWh of open interest as of June 2025 up 7.6% from 1.377 billion MWh at the end of June 2024. This represents $149.9 billion of notional value based on both sides. Nodal Exchange remains the leading power futures exchange in North America with 57% U.S. power futures open interest. Nodal achieved half year power volume for the first half of 2025 with 1.61 billion MWh traded compared to 1.64 billion MWh traded in the first half of 2024. In June 2025, power futures volume was 164 million MWh up 6.4% from the same period in 2024. Article content Environmental futures and options on Nodal Exchange posted strong growth in the first half of 2025 in volume and open interest. For the first half of 2025, environmental futures and options volume totaled 402,364 lots, up 48% from a year earlier. Total open interest in Nodal environmental products ended June 2025 with 410,510 lots, up 17% from 351,659 lots a year earlier. Article content Carbon futures and options posted volume of 68,322 lots in the first half of 2025 up 344% from a year earlier. Renewable energy certificate (REC) futures and options posted volume of 294,986 lots through June 2025, up 55% from a year earlier. Nodal also achieved a half-year record in natural gas trading volume with a 56% increase from a year earlier. Article content 'Nodal Exchange is proud to serve our growing markets,' said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear. 'As the year progresses, we look forward to continuing to develop and offer innovative products that meet the evolving needs of our markets.' Article content ABOUT NODAL Article content Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world's largest set of electric power locational (nodal) futures contracts and the world's largest set of environmental contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC. Article content Article content Article content Contacts
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Business Standard
03-07-2025
- Business
- Business Standard
IEX Q1 power trade rises 15%, REC volumes jump 149% amid price drop
The Indian Energy Exchange (IEX), the country's leading power trading platform, recorded a monthly electricity trading volume of 10,852 million units (MU) in June 2025, according to the data released by the company in a BSE filing. This reflects a 6.5 per cent rise compared to the same month last year. During the same period, trading of Renewable Energy Certificates (RECs) surged significantly, with 3.232 million certificates changing hands, marking a 636 per cent year-on-year (y-o-y) increase. In the first quarter of the 2026 financial year, IEX's total traded electricity volume reached 32,382 MU, growing 15 per cent over Q1 FY25. The volume of RECs traded in the quarter stood at 5.265 million, which is 149 per cent higher than in the previous year, the company said in a filing. According to government figures published in June 2025, India's electricity consumption dropped by 1.5 per cent y-o-y to 150.04 billion units, mainly due to an early start to the monsoon season. The Market Clearing Price (MCP) in the Day-Ahead Market (DAM) was ₹3.90 per unit in June 2025, down 28 per cent from a year earlier. In the Real-Time Market (RTM), the MCP was ₹3.73 per unit, showing a 26 per cent drop. During the first quarter of the current financial year, widespread rainfall led to cooler temperatures, resulting in lower-than-expected power demand during the summer months. At the same time, higher availability of hydroelectricity, wind power, and steady coal-based generation improved supply on the exchange, causing a notable decline in prices in both DAM and RTM. For Q1 FY26, the DAM MCP averaged ₹4.41 per unit, 16 per cent lower than the same period last year. Similarly, the RTM MCP averaged ₹3.91 per unit, 20 per cent less y-o-y. A particularly sharp drop occurred on 25 May 2025, when heavy rain pushed RTM prices to ₹1.53 per unit, with 'near-zero prices during several time blocks (9:15 AM to 2:30 PM).' 'These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges', IEX said. Performance by market segment DAM: In June 2025, DAM volumes (including High Price DAM) stood at 4,610 MU, a 5 per cent decline from June 2024. For Q1 FY26, the DAM recorded 12,399 MU, down 7 per cent y-o-y. RTM: RTM volumes increased sharply to 4,312 MU in June 2025, compared with 3,213 MU in the same month last year, showing a 34 per cent increase. In Q1 FY26, RTM trading reached 12,975 MU, up 41 per cent compared with Q1 FY25. TAM: This segment, which includes Day-Ahead Contingency, High Price TAM, and contracts up to 3 months, saw 966 MU traded in June 2025, a 30 per cent decrease y-o-y. However, the quarterly volume was 4,348 MU, showing a 12 per cent increase over the prior year. Growth in the Green Market The Green Market, which combines the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market, achieved 964 MU of traded volume in June 2025. This marks a 30 per cent increase compared to June 2024. The weighted average price in the G-DAM for June stood at ₹3.30 per unit. Over the first quarter, the Green Market traded 2,660 MU, up 51 per cent y-o-y. A total of 3.232 million RECs were traded during the two sessions held on 11 and 25 June 2025, clearing at ₹350 and ₹360 per certificate, respectively. June's REC trading was 636 per cent higher than the same month last year. For the first quarter, the exchange handled 5.265 million RECs, up 149 per cent y-o-y. The next REC trading sessions will be held on 9 July 2025 and 30 July 2025.
The Hindu
03-07-2025
- Politics
- The Hindu
Why Statewise representation in IITs, NITs is essential for national integration and education equity
The premier engineering colleges of India draw largely from an all-India pool of students, irrespective of States. Statewise representation is not a factor although this is the fundamental structure of the Indian Union. But statewise representation needs to be implemented in admissions to IITs and NITs so as to sync with the general structure of the Indian Union that the Constitution held to be key to promoting national integration and unity. These will address regional imbalances too. In the past, there were 17 RECs (Regional Engg Colleges). Many of the bigger States had their own REC and the smaller ones were grouped and allotted one REC. Fifty percent of the seats in each REC was for students from the State where the REC was located. The remaining half of the seats in that REC was filled by students from other States. A seat matrix was followed to implement this in such a way that if an REC had 100 seats, 50 seats would be filled by students from that State and 50 students from that State would be allotted seats in other RECs. This process was designed to give an opportunity for each State to grow educationally. In this process, in every REC, students from each State, or region, studied, although half the students were from the home State where the REC was situated. This ensured that the student population was always diverse and representative, promoting national integration. By 2005, when the RECs were converted to National Institutes of Technology (NIT), this admission process was changed. Half the seats in an NIT were filled by students from the home State or region where the NIT was situated. But half the seats were filled from a common all-India pool based on merit and reservation. The purported reason given behind admitting half the students on a 'general, competitive basis' was that students from State having more score in their competitive exams were being denied seats in NITs that were next only to the IITs. But this process led to skews among States in terms of the number of students from that State studying in RECs, now renamed as National Institutes of Technology (NIT), outside their State. The student population in RECs became unrepresentative. For this reason, the old admission process should be restored in NITs and, for the same reason, introduced in IITs also. In the past, only five IITs were there. Hence admission to the IITs was based on an all-India ranking. There were no Statewise quotas. Today, there are 23 IITs, spread across the nation. If admission in IITs are also followed similar to that RECs, then every State will benefit and grow together academically. For example, students from Nagaland may be able to study in an IIT located nearby. At present about 12 lakh students appear for main JEE and about 2.5 lakh are selected to write Advanced JEE for about 14,000 seats in the IITs. The present admission process for IITs should change to follow the old REC pattern of admissions. The student of one State would then only compete with students from his or her State. The pressure of a rat race will reduce too. (M. Chidambaram is a retired professor at the Department of Chemical Engineering, IIT Madras. He has also served as Director of NIT - Trichy)
