CERC Reduces Forbearance Price

The Central Electricity Regulatory Commission (CERC) has issued new forbearance and floor prices for Renewable Energy Certificates (REC). The forbearance price of solar RECs will be Rs.2,400 (~$36.91)/MWh and the floor price will be Rs.1,000 (~$14.962)/MWh. The forbearance price for non-solar RECs will be Rs.3,000 (~$46.14)/MWh and the floor price will be Rs.1,000 (~$14.962)/MWh. These new REC prices will be applicable from April 1, 2017.

Mercom previously reported, that the CERC had proposed a forbearance price of Rs.2,500 (~$37.41)/MWh for solar RECs and Rs.2,900 (~$43.39)/MWh for non-solar RECs.