Current status of REC mechanism in India and possible policy modifications to way forward

Shereef, R. M.; Khaparde, S.A.

doi:10.1016/j.enpol.2013.07.008

Cited by 16 publications

(3 citation statements)

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“…Analysts have long drawn attention to the problem of noncompliance with the RPO and the need for an enforcement-inducing penalty for obligated entities (Shereef and Khaparde 2013;Shrimali and Tirumalachetty 2013). So, unless RPO compliance is enforced seriously across the states, the nature of interventions pursued so far in the REC market would not help revive the scheme.…”

Section: Persistent Low Demand For Recs Rpo Noncompliance and Discomsmentioning

confidence: 99%

Renewable Energy Certificates Trading in India: A Decade in Review

Sawhney

2022

SSRN Journal

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Section: Persistent Low Demand For Recs Rpo Noncompliance and Discomsmentioning

confidence: 99%

Renewable Energy Certificates Trading in India: A Decade in Review

Sawhney

2022

SSRN Journal

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“…The distribution system operator (DSO) would be the brain of the distribution unit, and would take up all the control and operational tasks by managing data centre and control centre. DSO can also take care of renewable energy based distributed generation (DG) which are being promoted by all countries by making renewable purchase obligation (RPO) mandatory on power distribution companies (Shereef and Khaparde, 2013). In many countries failure of policies and business models occur due to insufficient incentives to local distribution companies, renewable power installers and users (Buesing and Yang, 2013).…”

Section: Distribution System Operator (Dso)mentioning

confidence: 99%

Smart electricity distribution networks, business models, and application for developing countries

2018

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“…To help reach these targets in a cost-effective manner, India initiated a market-based mechanism called Renewable Energy Certificates [16]. Since RE sources are not uniformly distributed throughout the country, REC was introduced to help the obligated entities to meet their RPO compliance under the Electricity Act, 2003, irrespective of the availability of local RE sources, and create a national-level market to encourage the RE generation and capacity addition [18]. Fig.…”

Section: ) Renewable Energy Certificate Mechanismmentioning

confidence: 99%

Study of Energy Regulations in India

Potdar¹,

Unnikrishnan²,

Singh³

2016

IJESD

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Abstract-This paper reports the energy management systems in India, describing the command-and-control, market-based, and voluntary approaches. Energy-related command-and-control regulations focus majorly on the electricity sector. Renewable Energy Certificate is a market-based instrument for promoting renewable sources of energy and facilitating Renewable Purchase Obligation. An analysis of the accredited and registered projects under the scheme has been presented. The Perform-Achieve-Trade scheme targets eight sectors to promote energy-efficient technology and issues an energy saving certificate for every metric ton of oil equivalent of energy saved, which can be traded on special trading platforms. About 45% of the designated consumers have met their targets for 2014 -15 while another 12.5% are on the verge of it. The voluntary regulations offer flexibility and are engaged with a broader community. They include diverse sectors such as households, Small and Medium Enterprises, and agriculture. The different energy regulation mechanisms have significantly contributed to energy-efficient technology, renewable energy, and a restructured electricity sector. The regulations employing different approaches have helped minimize the emissions of the energy sector, thereby contributing towards climate change mitigation. IndexTerms-Command-and-control, market-based mechanism, renewable energy certificate mechanism, perform-achieve-trade scheme, voluntary approach. I. INTRODUCTIONWith an increase in global population, our energy needs are also rising. The current pace of India's economic growth, together with government programs, suggests a robust growth in future power demand [1], which will create a necessity to increase energy production from conventional and non-conventional sources. Industrial energy use is responsible for a major share of anthropogenic greenhouse gas (GHG) emissions and, thus, more efficient industrial energy management and use can significantly contribute to mitigating climate change [2]. Energy efficiency is commonly seen as the most economical, minimally polluting, and most readily-available energy saving option existing in the industrial sector worldwide, which can contribute to development goals related to reducing poverty and to the global sustainability goals related to reducing emissions [3]. Emerging economies like India must meet their increasing energy demand and ensure reduction of the trade-off between economic growth and environmental degradation [2].India, in its submission of Intended Nationally Determined Contribution to the United Nations Framework Convention on Climate Change has committed towards reducing its emissions intensity of its Gross Domestic Product (GDP) by 33-35% of 2005 levels by 2030 [4]. This is to be achieved through increasing fuel efficiency standards, adopting building energy codes, augmenting forest cover, and making greater use of renewable energy sources. In this context, it is imperative that a robust analysis of the current Indian situation, as majorly appl...

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Current status of REC mechanism in India and possible policy modifications to way forward

Cited by 16 publications

References 1 publication

Renewable Energy Certificates Trading in India: A Decade in Review

Renewable Energy Certificates Trading in India: A Decade in Review

Smart electricity distribution networks, business models, and application for developing countries

Study of Energy Regulations in India

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