Solar REC priceband revised downwards

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The Central Electricity Regulatory Commission (CERC) has lowered the band of prices within which ‘renewable energy certificates’ issued to eligible solar power producers could be traded in the market. The ‘floor’ and ‘forbearance’ prices are now Rs. 3,500 and Rs. 5,800 respectively for each solar REC. Earlier, they were Rs. 9,300 and Rs. 13,400, respectively.

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