Platts discontinues India I-REC Hydro assessments, April 1

Platts, part of S&P Global Energy, has discontinued the current-year and previous-year I-REC India Hydro price assessments, effective April 1.

This discontinuation follows a decision note published March 20, available here.

The discontinuation reflects the minimal issuance of hydro I-RECs in India 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. In 2025, hydro issuance in India has fallen sharply to about 0.1 TWh out of 17 TWh in total I-REC issuance, representing just 0.58% of the market.

As of Oct. 27, 2025, the current-year and previous-year I-REC India Hydro price assessments have been suspended, with further details available here.

The discontinued assessments are as follows:

The above assessments earlier appeared in the REC Daily.

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