Floor price for solar RECs could be lowered to $15.
Bloomberg New Energy Finance reported that the Central Electricity Regulatory Commission of India proposed a sharp reduction in the floor price of renewable energy certificates (REC) from April 1, 2017, a move that could increase demand and benefit sellers who have huge inventories of unsold credits.
The commission wants to lower the floor price of solar RECs from 3,500 rupees ($52) to 1,000 rupees ($15), and of non-solar RECs from 1,500 rupees ($22) to 1,000 rupees ($15). The proposal is open for comment until March 20.
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