The Central Electricity Regulatory Commission (CERC) has issued an order extending the validity of Renewable Energy Certificates (RECs) which are due to expire between October 31, 2018 and March 31, 2019.
The commission observed that 183,999 RECs that were issued before April 1, 2017 are due to expire within the next six months. This includes 38,651 Solar RECs and 1,45,348 Non-Solar RECs. The commission felt that there is a need to extend the validity of RECs which are due to expire up to March 31, 2018.
Therefore, RECs which are due to expire between October 31, 2018 and March 31, 2019 will remain valid up to April 31, 2019. Read More