The Punjab State Electricity Regulatory Commission (PSERC), in a recent order, has allowed beverage major PepsiCo India Holdings to make up for its renewable purchase obligation (RPO) shortfall for the financial year (FY) 2015-16 and FY 2016-17 by purchasing renewable energy certificates (RECs) within two months from when REC trading on the exchange is renewed. The Commission asked the company to submit the proof of purchase to the Punjab Energy Development Agency (PEDA) and the Punjab State Power Corporation Limited (PSPCL).