New CERC order reduces floor price for RECs to zero

The Central Electricity Regulatory Commission (CERC) has notified a suo moto order on the determination of forbearance and floor price for renewable energy certificates (RECs).

As per the order, the commission has fixed a forbearance price of Rs 1,000 per MWh for solar and non-solar RECs while the floor price has been fixed at zero for both categories of RECs. The  forbearance  price  and  floor  price  will  be  effective  from July 1, 2020 and remain in force till June 30, 2021 or until further orders of the commission. Until March 2017, the floor price for solar RECs was Rs 3,500 per MWh.

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