Solar Rec Floor Price

Non solar renewable energy certificates recs issued on or after april 1 2017 will be sold at a floor price of 1 000 14 809 rec the supreme court has ruled.

Solar rec floor price. Directions of hon ble commission on the amount already deposited are awaited and shall be dealt with according to such directions. Honorable central electricity regulatory commission has determined floor and forbearance prices for rec solar and non solar which will be valid from april 1 2017 onwards. Floor and forbearance price of rec. The prices have reduced significantly and the solar prices are set to reduce from rs 3 500 to rs 1 000 and the non solar rec prices are set to reduce from rs 1 500 to rs 1 000.

Solar recs traded at the forbearance price of rs 2 400. Posted on january 5 2015 by ritesh pothan. The following graphic show the voluntary unbundled rec prices from 2014 to 2018. The forbearance price for non solar recs was quoted as 3 000 46 14 mwh and the floor price as 1 000 14 962 mwh.

Iex enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. Members may kindly note that trading in rec solar shall recommence from. 3500 certificate for sale to discoms but doesn t address the faulty trading mechanism. In a good start for 2015 cerc sets the solar rec floor price post jan 1 2014 to a more acceptable rs.

The forbearance price and floor price of solar recs were based on solar tariff discovered through competitive bidding and published by the ministry of new and renewable energy mnre up to february 2017. The october trade witnessed a two and a half year high mcp of rs 2 400 for solar rec s on both the exchanges while the demand remained stable as compared to the previous trade session. Therefore what particular elements have defined the rec product range in 2020 to possess such valued qualities without devaluing the. Cerc has directed its staff to review the rec mechanism in the light of the prevailing market developments including the need for floor and forbearance price for rec mechanism and vintage or technology multiplier.

Indian energy exchange limited iex is india s power trading platform. The court had admitted a civil appeal filed by the indian wind power association iwpa challenging the judgment passed by the appellate tribunal for electricity aptel. These graphics should be viewed as illustrative as pricing in markets can change over time. Floor price of rec forbearance price of rec.

Regarded as an industry innovator in split cell solar module technologies rec solar panels without leveraging on price are beginning to earn a reputation as an option which possesses severely good value. Our exchange platform increases the accessibility and transparency of the power market in india and enhances the speed and efficiency of trade execution. The new price will be applicable to non solar recs issued after 1st april 2017.