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<p>The Supreme Court of India has issued an order allowing the trade in Wind Renewable Energy Certificates (RECs). The highest court in India has removed the stay placed on the Appellate Tribunal’s order.</p>
<p>According to a release, “The Court felt that there should be no problem if Wind RECs were to be traded at the figures given previously.”</p>
<p>Mercom <a href="https://mercomindia.com/cerc-reduces-forbearance-price-solar-recs-rs-2400-36-91mwh/" target="_blank" rel="noopener noreferrer">previously reported</a> that the Central Electricity Regulatory Commission (CERC) issued new forbearance and floor prices for REC (solar, Non-solar).</p>
<p>After the issuance of new forbearance and floor prices for REC trading, many REC generators filed petitions citing losses due to exclusion of vintage multiplier in the new prices. The petitioners first approached the Appellate Tribunal of Electricity (APTEL) to suggest a way to clear the existing REC stock.</p>
<p>While the APTEL agreed to introduce a vintage multiplier, it refused to put a stay on the trading, which led the petitioners to approach the Supreme Court. Upon hearing the petition, the Supreme Court put a stay on REC trading and the new prices introduced by the CERC.</p>
<p>On <a href="https://www.iexindia.com/Uploads/CircularUpdate/26_05_2017Circular%20for%20Suspension%20in%20REC%20trading.pdf" target="_blank" rel="noopener noreferrer">May 26, 2017</a>, the Indian Energy Exchange issued a letter announcing  the official suspension of REC trading. After much deliberation, the Supreme Court has asked the respondents to ensure that any obligated entity purchasing RECs at the new floor price determined by CERC must deposit the difference between the earlier floor price and the present floor price.</p>
<p>It is a welcome news for all stakeholders involved. However, the stay on solar REC trading remains in place, and the hearing on that matter will be held in due course.</p>
<p><em>Image Credit: Legaleagle86 at en.wikipedia, <a href="http://creativecommons.org/licenses/by-sa/3.0" target="_blank" rel="noopener noreferrer">CC BY-SA 3.0</a> or <a href="http://www.gnu.org/copyleft/fdl.html" target="_blank" rel="noopener noreferrer">GFDL</a>, via Wikimedia Commons</em></p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Saumy Prateek</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/saumy/" target="_blank" rel="noopener">More articles from Saumy Prateek</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="79" height="102" /><a href="https://mercomindia.com/author/saumy/" rel="noopener"><strong>Saumy Prateek, </strong> </a>is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism &amp; Mass Communication from the Manipal Institute of Communication at Manipal University.<a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></div>
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Breaking: Supreme Court Issues Order Allowing Wind REC Trade

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