I-REC desk: Scope 2 effect of redemptions

For each reporting year, the MWh redeemed are set against that year's inventory grid electricity to give the market-based Scope 2.

Standard: GHG Protocol Scope 2 Guidance (market-based; same-market and vintage quality criteria)
Where you see it: Corporate portal → Carbon / I-REC desk (simulated; no registry account yet)

0 of 1 formulas reviewed in their current form. The rest are under review by our sustainability team.

Formulas

Market-based Scope 2 after redemption

Under review

covered = min(redeemed MWh, grid MWh); avoided = covered ÷ grid MWh × grid tCO₂e; S2 market = max(0, S2 location − avoided)

Grid MWh and their emissions come from the year's newest saved inventory, kWh lines in Scope 2 only.

redeemed
I-RECs redeemed for the year · MWh
Your data
inventory
That year's saved GHG run (Scope 2 kWh lines)
Your data
price
I-REC price read at redemption (India) · ₹ / MWhIndia: 65 INR per MWh · Ploxi declared basis: indicative India I-REC price (kept). Research found only the domestic Indian REC on IEX (~₹360/MWh, Aug 2026) — a different instrument; India I-RECs trade OTC with no official price.pending review
Factor table

Assumptions

Indian devices only, for Indian consumption; vintage must fall inside the reporting year.

How to read this page. “Your data” is what you enter or what your organisation has recorded. “Factor table” values come from official publications, each with its source; a “pending review” mark means the figure is still being checked against that source. “Ploxi assumption” is a figure we chose where the standard leaves the choice open.

Questions about a figure? Email support@ploxi.earth.