Green Energy Association vs Central Electricity Regulatory ... on 12 April, 2018
Judgment of A.No.95 of 2017 & batch
6.4 The Central Commission was fully aware that REC market was not a real
market (as is commonly understood), but was based on a fiction of
breaking up the cost of power between brown component and green
component and compliance of RPO by Obligated Entities. This aspect is
also recognized by this Hon'ble Tribunal in paragraph 29 of its Order
dated 16.04.2015 in Indian Wind Power Association, v. Gujarat
Electricity Regulatory Commission &Ors., Appeal No. 258 of 2013 &
Appeal No. 21 of 2014 & IA-28 of 2014. Since RECs were based on
compliance, for the Central Commission to now argue on market reality
basis is wrong and without any merit.