Aluminium industry demands price correction in REC to avoid burden on industry

The Aluminium Association of
In a recent representation to the CERC, the AAI said, "There is an acute shortage of Renewable Energy Certificates in the market which has prompted the market to be a sellers one. REC prices have spiked up in past 12 months to as high as Rs 2.25 Rs/kwh for Solar RECs while it is a known fact that Solar power itself has been getting auctioned at average rate of Rs 2.50 /kwh since FY17-18."