Also read 12 International Practices for Renewable Energy Trading<\/a>.<\/em><\/strong><\/p>\n They do not meet their RE obligations nor do they buy the RECs. The state electricity regulators has allowed these organizations to run with non-compliance which makes the organizations that comply with the rules look stupid. Why pay money when you cannot buy REC and not have to pay penalty. While there have been a number of efforts made for state regulators to make people work under the rules, it has been a non-starter. Some organizations have been penalized off and on but until all the 30 state regulators work in unison, then the REC market will remain a joke that it currently is.<\/p>\n While traded REC\u2019s have increased this year, there is a huge backlog of RECs that cannot be sold at any price. Solar RECs have been reduced in price but they still find no takers. I think given the changed circumstances, there is scope for a further sharp decrease in minimum solar REC prices<\/strong> of around 5 cents\/kWh. This will increase the incentive for people to comply with the REC obligations. The price of non-solar renewable REC is at a decently low level but like the solar REC, it too has not found too many takers.<\/p>\n![\"solar](\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2015\/05\/solar-panels-india.jpg\")
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