Enviro News Asia, Jakarta – The Ministry of Trade, through the Commodity Futures Trading Regulatory Agency (Bappebti), has issued Renewable Energy Certificate (REC) commodity contracts for trading on Indonesia’s futures exchange.
The REC contracts were initiated by the Ministry of Trade as part of its efforts to promote the use of new and renewable energy (NRE) and as a manifestation of Indonesia’s commitment to reducing carbon emissions.
“RECs are certificates of electricity production generated from renewable energy power plants that meet national and/or international standards.
The legal basis for trading renewable electricity in the physical market is Bappebti Regulation (Perba) Number 11 of 2024 concerning Procedures for Trading Renewable Electricity in the Futures Exchange,” explained Bappebti Head Tirta Karma Senjaya in an official statement.
According to Tirta, the regulation aims to establish a structured, fair, efficient, effective, and transparent renewable electricity market, while prioritizing customer protection.
The REC contract is an innovative development of commodity contracts in the futures exchange. It is expected that REC trading through the exchange will enhance economic competitiveness and attract investment from multinational companies committed to achieving net zero emissions.
The trading of renewable electricity in the futures exchange can only be facilitated by exchanges approved by Bappebti. Accordingly, on April 22, 2025, Bappebti granted approval to the Indonesia Commodity Derivatives Exchange (ICDX) as a renewable electricity exchange.
With this approval, ICDX officially becomes the first futures exchange in Indonesia to trade physical REC contracts. ICDX President Director Fajar Wibhiyadi welcomed the trust given by the Ministry of Trade to ICDX as the futures exchange organizing the renewable electricity physical market.
“This licensing is a strategic step to support the national energy transition and accelerate the adoption of clean energy in Indonesia,” stated Fajar.
He affirmed that ICDX is committed to providing reliable trading infrastructure for renewable energy industry players. ICDX will continue to synergize with the Ministry of Trade, other relevant ministries/agencies, and all stakeholders in building a competitive renewable energy trading ecosystem.
Separately, Head of the Bureau for Development and Supervision of Commodity Futures Trading, Ima Siti Fatimah, said that appointing ICDX as the organizer of the renewable electricity physical market is part of Bappebti’s efforts to expand Commodity Futures Trading (PBK) instruments that support the green economy.
Bappebti hopes that physical REC contracts in the futures exchange will create price transparency, broaden market access for industry players, and strengthen Indonesia’s position in the global renewable energy trade.
Bappebti will continue to carry out intensive development and supervision to ensure that trading is conducted in accordance with regulations.
Bappebti Secretary Ivan Fithriyanto added that synergy between exchanges, clearing institutions, and business actors is crucial to ensuring the successful implementation of REC trading.
“Bappebti encourages all parties to participate in strengthening this industry. This reflects the commitment of the government and market participants to integrate sustainability principles into the futures trading system.
Moving forward, we will continue to promote innovations in other futures products,” Ivan concluded. *
