- August 1, 2017
- Posted by: Bicon Consultants
- Category: Renewable Energy
Trading in REC Non-Solar shall recommence from the month of July 2017 and the trading session will be held on 26th of July 2017 accordingly and shall continue every month as per calendar issued by the Exchange from time to time.
The Central Electricity Regulatory Commission (CERC) has informed the Power Exchange to resume the monthly trading in Non-Solar REC at the floor price prevalent earlier i.e. at Rs. 1500/MWh. The difference between the said floor price and the floor price determined by the Commission vide order dated 30.3.2017 in Petition No. 2/SM/2017 i.e. at Rs. 500/MWh shall be deposited with the Commission during the pendency of Appeal No. 105 of 2017 before the Appellate Tribunal for Electricity.
The forbearance price and floor price would be considered for this session and sessions thereafter, till further instructions from CERC are 3300Rs/MWh and 1500Rs/MWh. The sellers of non-solar REC will be made payment of floor price as determined by the CERC vide its order dated 30.03.2017 i.e. Rs 1000/- (Rs. One Thousand only) per REC, and the difference (i.e. Rs 500/- (Rs Five Hundred only) per REC, shall be deposited with the CERC. The amount deposited shall be settled as per the further decision in the matter
The trading in Solar REC shall remain suspended till further notice.