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CK Power earns regional recognition from FinanceAsia
CK Power earns regional recognition from FinanceAsia

Bangkok Post

time2 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).

IEX Q1 power trade rises 15%, REC volumes jump 149% amid price drop
IEX Q1 power trade rises 15%, REC volumes jump 149% amid price drop

Business Standard

time03-07-2025

  • 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.

IEX reports 6.5% YoY growth in June 2025 electricity trade
IEX reports 6.5% YoY growth in June 2025 electricity trade

Business Upturn

time03-07-2025

  • Business
  • Business Upturn

IEX reports 6.5% YoY growth in June 2025 electricity trade

The Indian Energy Exchange (IEX) recorded a 6.5% year-on-year increase in electricity traded volume, reaching 10,852 million units (MU) in June 2025. In the same period, 32.32 lakh Renewable Energy Certificates (RECs) were traded, marking a sharp 636% rise from June 2024. For the first quarter of FY26, IEX reported 32,382 MU in total electricity traded volume, up 15% year-on-year. The REC segment saw 52.65 lakh certificates traded, up 149% from the year-ago period. These figures come despite a 1.5% dip in national energy consumption in June due to early monsoons, according to government data. Lower demand and improved supply liquidity led to a decline in prices across key markets. The Day-Ahead Market (DAM) saw prices fall 28% YoY to Rs 3.90/unit in June. Real-Time Market (RTM) prices were down 26% to Rs 3.73/unit. For Q1 FY26, average DAM and RTM prices fell 16% and 20% respectively, with heavy rainfall on May 25 pushing RTM rates as low as Rs 1.53/unit. Market activity varied by segment. DAM volumes dipped 5% in June and 7% in Q1, while RTM grew 34% YoY in June and 41% in Q1. Term-Ahead and Contingency segments fell 30% in June but rose 12% for the quarter. The Green Market traded 964 MU in June, up 30% YoY, and 2,660 MU in Q1 FY26, a 51% increase. The next REC trading sessions are scheduled for July 9 and July 30, 2025. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

IEX share price jumps over 4% after strong growth in electricity trade volumes. Should you buy?
IEX share price jumps over 4% after strong growth in electricity trade volumes. Should you buy?

Mint

time09-06-2025

  • Business
  • Mint

IEX share price jumps over 4% after strong growth in electricity trade volumes. Should you buy?

Indian Energy Exchange (IEX) share price rallied over 4%, extending gains for the second consecutive session, after the company reported strong growth in electricity trade volumes. IEX share price surged as much as 4.70% to a high of ₹ 211.75 apiece on the BSE. IEX reported over 14% growth in electricity traded volume at 10,946 million units (MU) in May as compared to 9,568 MU in the year-ago period. A total of 17.43 lakh Renewable Energy Certificates (RECs) were traded during the month, registering a 65% year-on-year (YoY) increase, IEX said in a regulatory filing. Market clearing price in the Day Ahead Market (DAM) was at ₹ 4.12 per unit during May 2025, a decline of 22% YoY. Market clearing price in the Real Time Market fell 28% YoY at ₹ 3.43 per unit last month. The DAM achieved 3,510 MU volume last month, a decline of 20% from 4,371 MU volume in May 2024. The Real-Time Electricity Market (RTM) reported the highest ever monthly traded volume as the volume increased to 4,770 MU in May 2025 from 3,352 MU a year ago, an increase of 42%. Electricity derivatives are expected to complement the spot market (where IEX is present) over time by drawing in more participants, analysts said. 'Parallelly spot power requirement from renewable integration, real time balancing thereby stabilizing or even increasing spot volumes as seen in EU. IEX's business offers optionality as it aims to launch Green RTM product, 11-month contract (40 BU opportunity) International Carbon Exchange, and Coal Exchange. Over the mid to long term, an uptick in renewable power (from 44% share in FY24 to 60% by FY30) offers continuous opportunity for volume uptick for power exchanges in India,' said Antique Stock Broking. IEX has net cash on the balance sheet at ₹ 1,000 crore and a RoE of 40%. At a PER of 32x FY27E EPS, IEX share price is trading near its historical average, said the brokerage firm. It models 17% annual volume growth over FY26–27E, leading to a similar increase in PAT. Valued at 40x FY27E EPS, Antique Stock Broking maintains a 'Buy' rating on IEX shares with a target price of ₹ 254 apiece. IEX share price has broken out of a 22-week-long double bottom flat base at ₹ 191 and is now heading towards the major resistance at the swing high of ₹ 229, noted Anshul Jain, Head of Research at Lakshmishree Investments. 'Post breakout, IEX stock price has formed a minor base, which is acting as a propeller for continued momentum. The structure remains bullish, supported by strong price action, and further upside is expected as long as the stock sustains above its breakout zone,' Jain said. IEX share price has gained 28% in three months and 16% on a YTD basis. IEX stock has delivered 71% returns in two years and multibagger returns of 281% in five years. At 9:55 AM, IEX share price was trading 4.70% higher at ₹ 211.75 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

West Michigan based ESPEC North America, Inc. Joins Consumers Energy's Renewable Energy Program
West Michigan based ESPEC North America, Inc. Joins Consumers Energy's Renewable Energy Program

Yahoo

time05-06-2025

  • Business
  • Yahoo

West Michigan based ESPEC North America, Inc. Joins Consumers Energy's Renewable Energy Program

JACKSON, Mich., June 5, 2025 /PRNewswire/ -- Consumers Energy and ESPEC North America, Inc. announced a partnership to power the West Michigan based environmental and reliability testing equipment manufacturing company with clean energy and bring new renewable energy into Michigan's electric grid. Under Consumers Energy's Renewable Energy Program, major electricity accounts at ESPEC North America will source renewable energy from new Consumers Energy Michigan-based wind and solar projects beginning in 2028. ESPEC North America can also claim the Renewable Energy Certificates (RECs) tied to the projects, further reducing the company's carbon footprint and advancing its commitment that innovation and environmental responsibility must go hand in hand. "We commend ESPEC North America for making the commitment to match 100% of the energy it uses with renewable energy from Consumers Energy," said Lauren Snyder, Consumers Energy's senior vice president, chief customer and growth officer. "Together, we're making a meaningful impact in adding flexible generation sources to Michigan's grid while fostering economic growth and creating jobs." Joining the Renewable Energy Program, ESPEC North America says is essential not only for protecting our planet for future generations but also for ensuring the long-term sustainability of the industries it serves, helping the company strengthen its ability to innovate responsibly, reduce its environmental footprint, and align with the global Environmental Vision 2050 of its parent company, ESPEC Corp. "At ESPEC North America, we are committed to doing our part to advance environmental sustainability through meaningful action. We are unique in our contribution to the global clean energy push as we have numerous partners whom we serve in their endeavors to develop new and innovative renewable energy solutions," said Luke Polega, President, ESPEC North America. "Partnering with Consumers Energy allows us to invest in some of those solutions and begin to see results that have a real impact on our environment." In total, the over 50 businesses that Consumers Energy serves have committed to over 700 megawatts of emission-free renewable energy supporting their sustainability goals. That's enough generation to power approximately 84,000 homes each year and equivalent to removing greenhouse gas emissions produced from over 190,500 cars on the road annually from the environment, according to U.S. Environmental Protection Agency calculations. ESPEC North America joins notable Michigan program participants, including General Motors, Interlochen Center for the Arts, and the cities of Grand Rapids and Kalamazoo, among others, in accelerating the development of green energy infrastructure. Consumers Energy's Renewable Energy Program offers a local, cost-effective, flexible, and turnkey solution for businesses looking to align with sustainability goals while supporting the planet for future generations. Enrollment not only advances greening Michigan's grid but also supports Michigan jobs created through building and operating renewable energy projects. Learn more by contacting RenewableProgram@ Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. For more information about Consumers Energy, go to out Consumers Energy on Social Media Facebook: Instagram: View original content to download multimedia: SOURCE Consumers Energy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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