India’s Central Regulatory Commission proposed a 6.7 to17.9 percent price reduction for renewable energy certificates (RECs). The proposal would cut prices for three years, beginning April 1, 2012. Since the cost of producing renewable energy continues to fall, the Central Electricity Regulatory Commission wants to lower REC prices to prevent green energy producers from making unfair profits. The commission is seeking public comment on its proposal to lower price bands for both solar energy and non-solar RECs.