REC sales get a boost in first trading of 2013: Reforms still needed
The higher volume of trade can be attributed to the financial year of 2012-13 coming to an end. However, the price discovered is for non-solar REC is INR 1500 , the floor price. Also, a large pile of REC has been a matter of concern for the RE-generator.
There is dire need that CERC should come forward and give direction to each state to see that RPO should be fulfilled at max. There should clear penalty mechanism for non-fulfillment.