Going against the requirements and needs of the market, CERC has only extended the validity by just 1 year or 365 days. CERC has also expressed inability to enforce RECs.
This will only create an antagonistic situation where the glut will increase without actually making a green impact.
Natgrp: Ideally non-solar RECs shouldn’t be provided to those who have already availed off accelerated depreciation for their units thus reducing the market to those who are serious about RE as their business model. This will hopefully address the current imbalance to a certain degree.