According to Indian Express, the Forum of Regulators of India has given its consent for the introduction of renewable energy certificates. The regulator has suggested that the RECs be exchanged at a predetermined ceiling price via power exchanges approved by the Central Electricity Regulatory Commission. The REC mechanism will facilitate the transfer of renewable energy between states. It will particularly enable states such as Delhi and Haryana to “buy” green power from windy states such as Tamil Nadu or sunny states as such Gujarat.
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