Standard Post with Image

CERC Gives its Go-Ahead to Solar and Non-Solar REC Trading

<p>The Central Electricity Regulatory Commission (CERC) has given its go-ahead for the trade of solar and non-solar Renewable Energy Certificates (RECs) in the country. The new order comes after the Appellate Tribunal for Electricity (APTEL) dismissed the petition filed by stakeholders against the issue of new forbearance and floor prices for solar and non-solar RECs. In its new order, the CERC has also stated that the deposit of the differential amount of Rs 500 (~$7.516) per REC with the commission will now be discontinued.</p> <p>Recently, the CERC created a set of procedures for the issuance of RECs to eligible entities (distribution companies and renewable energy generators). This procedure will apply to renewable energy generation projects and DISCOMs that have received the certificate of registration from the central agency and are eligible to avail RECs. The procedure will also apply to the central agency and stakeholders while issuing the RECs to eligible entities.</p>