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Supreme Court Dismisses Appeal for Stay Order on CERC’s Proposal to Revise REC Prices

The Green Energy Association had sought for a stay order on the CERC’s decision to remove floor prices of RECs

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The Supreme Court of India has dismissed an appeal by the Green Energy Association (GEA) seeking a stay order on the Central Electricity Regulatory Commission’s (CERC) order to reduce the floor price of renewable energy certificates (RECs) to zero.

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