Renewable Energy Certificates in India
OPERATIONAL STRUCTURE
LOOKING AHEAD
The operational mechanism of the REC scheme includes repeated interactions with state and central agencies.
No solar power projects have so far been accredited by any state nodal agency. Solar projects are expected to enter the REC scheme in one to two years. The CERC is said to be considering implementation of quarterly or half-yearly RPO targets to ensure consistent demand for RECs throughout the year.
• Accreditation of RE generator from state nodal agency
• Injection of electricity into the grid • Metering & accounting by SLDC of electricity • • • • • •
injected in the grid and reporting to central agency (NLDC) RE generator’s application for issuance of RECs to REC registry REC registry verifies quantum of electricity injected by RE generator with state agency/SLDC Upon verification, REC registry issues RECs to the RE generator REC sale at power exchange & verification with REC registry Obligated entity buys RECs from exchange Compliance auditor from CERC verifies compliance Sample supply-demand curves. Similar curves are expected for the REC scheme. * Data as on 25 August 2011
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