SC allows trading of Renewable Energy Certificates

There are around 1,200 projects under the REC mechanism, with a total capacity of 5,383 MW

The Supreme Court on Tuesday allowed trading of renewable energy certificates (RECs) on the appeal of Indian Wind Power Association (IWPA). However, the order is restricted to non-solar RECs and would have to comply with the earlier prices.

In March 2017, Central Electricity Regulatory Commission (CERC) reduced REC prices to a historic low. The floor price of solar REC was reduced to Rs 1/unit and forbearance at Rs 2.5/unit. It was earlier Rs 3.5/unit and Rs 5.8/unit, respectively. 

For non-solar (wind and others), the floor price was reduced to Rs 1/unit and forbearance at Rs 2.9/unit. It was earlier in