New REC forebearance price target for next control period beginning 1st April 2012 announced

A new order released by the Central Energy Regulatory Commision (CERC) has reduced the REC prices for both Solar and Non-Solar Renewable Energy Certificates (REC) with effect from 1st April 2012.

The most significant reduction is of the Solar REC forbearance prices with a drop from Rs. 17000 per MWh to Rs. 13690 per MWh and the floor price from Rs. 12000 per MWh to Rs. 9880 per MWh. This drop is almost 20% from the initial prices that Solar RECs currently command and a minimal 10% impact on Non-Solar RECs.

 Non-Solar REC forbearance prices will drop from Rs. 3900 per MWh to Rs. 3480 per MWh and the floor price from Rs. 1500 per MWh to Rs. 1400 per MWh.

Currently almost all trades for Non-Solar RECs are at the floor prices and we expect that to continue.

 

About Ritesh Pothan

Ritesh Pothan, is an accomplished speaker and visionary in the Solar Energy space in India. Ritesh is from an Engineering Background with a Master’s Degree in Technology and had spent more than a decade as the Infrastructure Head for a public limited company with the last 9 years dedicated to Solar and Renewable Energy. He also runs the 2 largest India focused renewable energy groups on LinkedIn - Solar - India and Renewables - India
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