Record-low prices of renewable energy certificates (RECs) on power exchanges have empowered power distribution companies (discoms) to enhance compliance with their renewable purchase obligations (RPOs) in the current financial year.
In the last trading session on March 13, REC prices hit an all-time low on the Indian Energy Exchange, dropping to Rs 300 per certificate, compared to the previous floor of Rs 1,000. The upcoming trading session is scheduled for March 26.
