Gloomy weather over REC market
Last month’s REC trading session has brought the REC market on the verge of vanishing soon. With no sign of strict enforcement happening and a drop of 40% demand shows that the obligated entities have the least interest to participate in the REC market. Those who were purchasing RECs have taken a step behind and are hesitating to purchase RECs to meet rest of their obligation. This has shattered the confidence of all the investors on the REC scheme and has put forward a very big question on the Indian regulation and policy makers.
Few media coverages on the falling REC market: