REC trade in FY2021 likely to fall by INR 6-7 billion In June 2020, the Central Electricity Regulatory Commission (CERC) published an order revising the prices of Renewable Energy Certificates (RECs). CERC removed floor price and proposes new Forbearance price of INR 1000 for solar and non-solar RECs. The new prices will be applicable to all RECs issued after April 01, 2017. Considering the historical price trend of RECs, this is the fourth revision in floor and forbearance prices by…