The Appellate Tribunal for Electricity (APTEL) has postponed the trading of renewable energy certificates (REC) scheduled on July 29, by four weeks.
In an order issued on July 24, APTEL postponed the RECs trading session scheduled on July 29, 2020 by four weeks in three separate appeals filed by Green Energy Association, IWPA (Indian Wind Power Association) and Techno Electric and Engineering Company Ltd against the CERC order issued on fixing REC floor and forbearance price.
“Trading of RECs scheduled on July 29, 2020 shall be postponed by four weeks. It is made clear that if validity for any REC is going to be expired within four weeks, as stated above, the same shall be extended by the concerned authority,” the APTEL order said.
