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However solar market clearing price mcp crashed to inr 2 000 on pxil.
Rec floor price. Recently the commission has removed the rec floor price against its prevailing floor price of rs 1 000 and has also reduced the forbearance price from rs 2 400 for solar recs and from rs 3 000 per rec for non solar recs to rs 1 000. The forbearance price and floor price of solar recs were based on solar tariff discovered through competitive bidding and published by the ministry of new and renewable energy mnre up to february 2017. Recently the commission has removed the rec floor price against its prevailing floor price of rs 1 000 and has also reduced the forbearance price from rs 2 400 for solar recs and from rs 3 000 per rec for non solar recs to rs 1 000.
The previous rates of solar and non solar recs were rs 3 500 and rs 1 500 respectively. But know that this is the trading price of rec renewable energy certificate at cerc central electricity regulatory commission approved exchanges. In this case since the new price is higher the producers benefit.
A price floor or a minimum price is a regulatory tool used by the government. The forbearance price for non solar recs was quoted as 3 000 46 14 mwh and the floor price as 1 000 14 962 mwh. Price rs mwh non solar rec rs mwh solar rec rs mwh forbearance price 3 000 2 400 floor price 1 000 1 000.
The following graphic show the voluntary unbundled rec prices from 2014 to 2018. Most people often find difficult to understand the meaning of above two words. These graphics should be viewed as illustrative as pricing in markets can change over time.
Voluntary rec prices increased from 0 31 mwh in august 2017 to 0 70 mwh in august 2018. So they put forth t. Till june 30 2021.
Floor and forbearance price of rec cerc announces new forbearance floor price for rec framework 2020 the honorable cerc published the final order on revised price bands for recs which will be valid from july 1 2020 onwards and shall remain in force till june 30 2021 or until further orders of read more. Till june 30 2021. Now the revised prices will be effective from july 1 2020 and will be valid for 1 year i e.
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