Renewable Energy Online
Renewable Energy Certificate – Push to Renewable Energy Development
Therefore, the Forum of Regulators in association with Central Electricity Regulatory Commission (CERC) and the State Electricity Regulatory Commission (SERC) has proposed the concept Renewable Energy Certifi cate (REC) Scheme. It is a market based instrument which enables the obligated entities to meet their Renewable Purchase Obligation (RPO). Under this mechanism, the Renewable Energy generator can sell the electricity component locally at the price of conventional electricity and trade the environmental attribute in the form of REC separately. The REC mechanism also aims at encouraging competition and eventually mainstreaming renewable energy sources. The mechanism has been extensively in use in countries like Australia, Japan, US, Netherlands, Denmark and UK and Indian government is also making aggressive efforts to fast catch up with the trend and making it a reality for Indian market. The key driver for implementation of REC mechanism in India is RPO mandated by SERC for power utilities. Under Electricity Act 2003, the SERCs set targets for distribution companies, captive consumers and open access customers to purchase a portion of their total power requirement from renewable energy sources known as Renewable Purchase Obligation (RPO). Renewable energy resources are concentrated mostly in States which have already achieved high level of RPO and which are generally reluctant to buy energy from such sources beyond their obligation mandated by SERC. This has been hampering the growth of the sector and through REC mechanism this issue can be addressed. REC mechanism is also being seen as one of the pioneering efforts in any developing country for mainstreaming the renewable energy generation through market mechanism. Over the period, RE generator would be able to fi nd Market Avenues for sale of electricity component through DISCOMs, traders, power exchanges, open access consumers. Eventually, this will reduce their dependence on Government support and they will learn to live on their own.
Report Highlights
In the above mentioned backdrop, Infraline Energy launches, as a part of it latest edition under the esteemed Business Series Report, “Renewable Energy Certifi cate: Push to Renewable Energy Development”. The objective of this report is to analyze the prospects of REC mechanism in India and gauges the preparedness of India to successfully adopt the model. The Report provides all the salient features of REC mechanism including conceptual and operational framework, key stakeholder’s, pricing options, opportunities available, key issues in implementation and the way ahead.
Table of Contents :
The Report provides critical analysis and information encompassing the future of REC in
India, some of the important ones being:
Introduction
REC at global level
Need for REC’s in India
Regulations on REC Framework
Working of REC’s
Operational Framework of REC Mechanism
Opportunities in REC framework
Areas of Concern
Way Ahead
Conclusion
Annexure
Glossary
Table of Contents
A must buy for
Renewable Power Developers
Renewable Equipment Manufacturers
Banks, Project Financers and Investment Bankers
Consultants
Research and Educational Institutes
For more information kindly visit :
http://www.bharatbook.com/detail.asp?id=174333&rt=Renewable-Energy-Certificate-Push-to-Renewable-Energy-Development-For-Indian-Customers.html
Related Reports:
Renewable Energy Certificate (REC) – A Key Step for the Growth of Renewable Energy in India
http://www.bharatbook.com/detail.asp?id=169364&rt=Renewable-Energy-Certificate-REC-A-Key-Step-for-the-Growth-of-Renewable-Energy-in-India.html
Renewable Energy Certificates
http://www.bharatbook.com/detail.asp?id=134466&rt=Renewable-Energy-Certificates.html
Or
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