 "Setback for CERC as SC stays trading in green energy certificates")
The Supreme Court has stayed trading in Renewable Energy Certificates (RECs), whose prices have been reduced by the Central Electricity Regulatory Commission (CERC).
REC-generating companies had filed the petition in the court against the CERC action.
The court on Monday also stayed the new price regime introduced by the CERC, said sources privy to the hearing.
The petitioners had submitted the unsold stocks of close to 10 million RECs, which enable trading in renewable energy, would not be cleared at the low prices. There are around 1,200 projects in the REC mechanism with a capacity of 5,383
REC-generating companies had filed the petition in the court against the CERC action.
The court on Monday also stayed the new price regime introduced by the CERC, said sources privy to the hearing.
The petitioners had submitted the unsold stocks of close to 10 million RECs, which enable trading in renewable energy, would not be cleared at the low prices. There are around 1,200 projects in the REC mechanism with a capacity of 5,383
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