APTEL postpones trading of RECs till August 26

The Appellate Tribunal for Electricity (APTEL) has postponed the trading of renewable energy certificates (RECs) scheduled on July 29, 2020 to August 26, 2020.

In an order issued on July 24, APTEL postponed the RECs trading session in three separate appeals filed by Green Energy Association, IWPA (Indian Wind Power Association) and Techno Electric and Engineering Company Limited against the CERC order issued on fixing REC floor and forbearance price. According to a CERC order in June, the floor price of solar and non-solar RECs have been reduced to zero from Rs 1,000 earlier and the forbearance price of solar and non-solar was reduced to Rs 1,000 for both from Rs 2,400 and Rs 3,000, respectively.