CERC extends validity of RECs up to March 31, 2018

The Central Electricity Regulatory Commission (CERC) has notified an order for validity extension of renewable energy certificates (RECs) expiring between April 1, 2017 and March 31, 2018. These RECs will now remain valid up to March 31, 2018. In a separate development, the CERC is planning to soon introduce guidelines to address the issue of “squatting” over interstate transmission infrastructure. It resulted from Power Grid Corporation of India Limited (Powergrid) raising concerns to the regulator about renewable project developers who obtained connectivity rights at substations not utilising the facility for power transmission, thereby blocking the infrastructure for use by others. The transco has also pointed out that while conventional power project developers had to satisfy certain conditions including a financial commitment before they were granted connectivity to the interstate transmission system, no such conditions were required in the case of renewable energy developers.

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