 "Supreme Court")
The Supreme Court on Tuesday allowed trading of renewable energy certificates (RECs) on the appeal of Indian Wind Power Association (IWPA). However, the order is restricted to non-solar RECs and would have to comply with the earlier prices.
In March 2017, Central Electricity Regulatory Commission (CERC) reduced REC prices to a historic low. The floor price of solar REC was reduced to Rs 1/unit and forbearance at Rs 2.5/unit. It was earlier Rs 3.5/unit and Rs 5.8/unit, respectively.
For non-solar (wind and others), the floor price was reduced to Rs 1/unit and forbearance at Rs 2.9/unit. It was earlier in
