Transcript
Presented By-
Vedant Sonkhiya
B.Tech(Energy Technology)L.LB.(IPR)
Overview of REC Mechanism
RE Scenario
Source- CEA
Potential of RE
Source- MNRE
Overview of RPO & SPO
NAPCC that aims at 15% renewable energy mix in overall Energy mix in India, by 2020
RPOs was initiated by CERC to mandate the State utilities procure the power from RE sources ,section 86(1) e under EA act 2003
RPO target are fixed by respective state electricity regulatory commission
RPO are enforced on three categories of power consumers- Distribution licensee, Open access consumer and captive consumers
SPO is solar purchase obligation
Every states is having different potential of renewable energy
Introduction to REC
Renewable Energy Certificates (RECs) represent the attributes of electricity generated
from renewable energy sources
Two products-the attributes embodied in the certificates and the commodity electricity
are sold or traded separately
ONE REC represents that 1MWh of energy is generated from renewable sources
Expected to become the currency of renewable energy markets because of their
flexibility
RECs are not subjected to the geographic and physical limitations of commodity
electricity
Traded in Indian Energy exchange and Power exchange of India ltd
Obligated Entities
Entities mandated to purchase a defined quantum of renewable energy of
their overall consumption are Obligated entities
Obligated entities may either purchase renewable energy or can purchase
RECs to meet their Renewable purchase Obligation (RPO) set under
Renewable Purchase Obligation of their respective States.
Following entities are obligated in the State:-
a. Distribution Licensees
b. Captive Consumers
c. Open Access users
REC
Eligible participants
Eligibility
Operational Framework
Trading of REC
The price of REC would be determined in power exchange.
REC would be traded in power exchange within the forbearance price and floor price determined by CERC from time to time
Floor Price : price has been determine in the basic min requirement for insuring the viability of RE project set up to meet the RE target
Forbearance price : Price has been derived based on the highest different between cost of generation of RE technology and average power purchase cost
Features of REC
REC Mechanism
Procedure
Procedure
State Nodal Agency (SNA) authorizes or endorses the RE Generator and recommends it for registration
NLDC (Central Agency) registers their Generator as ‘Eligible Entity’ for its RE Generation Project
The electricity generated from RE project is injected into the grid and sold to either a distribution licensee or open access consumer with whom it has contract or sold through the power exchange
Once the RECs are issued to the RE Generator (Eligible Entity), sale/purchase of RECs amongst Eligible RE Generators and Obligated entities to be undertaken only through Power Exchanges.
The Obligated Entities purchase RECs through PXs and to surrender to SERC or other agency as specified by SERCs as to meet their RPO.
NLDC (REC Registry) maintains record of RECs sold and purchased
Compliance Auditors to monitor and report the compliance of REC Regulations
REC- FEE & Charges
Update on REC
References
Indian Energy Exchange
MNRE
CEA
http://www.iexindia.com/pdf/media_kit/IEX_REC.pdf
http://www.slideshare.net/ashishverma061/rec-a-overview
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