Last sparks in non-solar RECs as regulated prices stifle market

CERC cut prices to historic low in March 2017 to match prevailing tariffs; There are 1,200 projects under REC mechanism with total capacity of 5,383 Mw

The market for Renewable Energy Certificates (RECs), which has been witnessing downturn for the past three years, could be staring at an end soon. While the trading of solar RECs has been stalled for a year now, non-solar ones would last be traded on March 28 because the regulated price band rendered the market unviable.

Close to 3.9 million non-solar RECs will be traded this week and if all are sold, it will mark the end of the trading. The industries dependent on these certificates for meeting their renewable power obligations are worried about the implications if the RECs market