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APTEL Strikes Down CERC’s Order Removing Floor Prices of Solar and Non-Solar RECs

The RECs which were valid for trading when the CERC passed its order will stay valid

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The Appellate Tribunal for Electricity (APTEL) has set aside the order passed by the Central Electricity Regulatory Commission (CERC) revising the floor and forbearance prices of solar and non-solar renewable energy certificates (RECs) to zero and ₹1,000 (~$13.45)/MWh, respectively.

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