Central Electricity Regulatory Commission, guided by the National Action Plan on Climate Change (NAPCC) has envisaged increasing the share of renewable energy in total electricity consumption of the country.
Despite sufficient resource potential to achieve Renewable energy Purchase Obligations (RPO’s) prescribed by various State Electricity Regulatory Commissions, the geographic distribution of these resources coupled with existing constraints in access and transmission infrastructure, has led to a situation where in achieving RPO goals for some states has become difficult .
To address these issues, CERC has devised a framework to institutionalize Renewable Energy Certificate (REC) mechanism at National level and also TNERC has come up with Draft Renewable Purchase Obligation and its compliance Regulations, 2010. The salient features of this proposed draft regulations are:
- The obligated entities for minimum percentage of electricity procurement from renewable sources are the distribution licensee and captive plant users.
- No separate RPO is proposed for open access customers.
- SLDC to be designated as State Nodal Agency.
- Penalty for shortfall in RPO’s would be forbearance price.
- RPO’s 13% for 2009 – 10 & 14% for 2010 – 11.
Under the national framework of RECs, Power Exchange India Ltd (PXIL) envisages a deeper role in developing a vibrant power and renewable market in India.
PXIL is organizing a one day workshop on “Trading of Renewable Energy Certificates” and invites people to partner with them in this new initiative.
The workshop will be held on 30th June 2010 (Wednesday) at HOTEL VESTIN PARK, Chennai.
For registrations/queries, contact:
Kapil Dev: +91 9619000720
Himanshu Buttan: +91 9892117073
For more details, view – Invitation