Platts to suspend publication of I-REC India Hydro assessments from Oct 27

Platts, part of S&P Global Commodity Insights, will suspend publication of the current-year and previous-year I-REC India Hydro price assessments, effective Oct. 27.

This suspension reflects the minimal issuance of hydro I-RECs since October 2024. When Platts first began assessing hydro I-RECs in 2022, total hydro issuance stood at around 3.7 TWh, accounting for roughly 60% of total I-REC issuance of 6 TWh that year.

Year-to-date in 2025, hydro issuance has fallen sharply to about 0.1 TWh out of 12 TWh in total I-REC issuance, representing just 0.96% of the market.

The price assessments affected by this suspension are as follows:

Platts will continue to monitor issuance volumes for hydro I-RECs, and notify market participants should the publication of the above assessments be resumed.

Please send all comments, feedback, and questions to global_renewables@spglobal.com and pricegroup@spglobal.com.

Platts will consider all comments received and will make comments not marked as confidential available upon request. For written comments, please provide a clear indication if your comments are not intended for publication by Platts for public viewing.