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How REC trading pause will impact India s green energy aspirations
With the green market still at a nascent stage, the REC market is positioned as a key instrument with huge relevance in the given scheme of things and an abrupt pause is really not an ideal solution for the market as well as its stakeholders
Rohit Bajaj | January 25, 2021 | Updated 10:24 IST
A seamlessly operational REC market is critical from the perspective of meeting the national green aspirations
The Central Electricity Regulatory Commission (CERC) introduced the Renewable Energy Certificate (RECs) mechanism in the year 2010 with an aim to ease the purchase of renewable energy by the state utilities and obligated entities, including the states which are not well endowed with renewable energy sources.