REC - Renewable Energy Certificate

REC & How it works?

Renewable Energy Certificate (REC) mechanism is a market based instrument to promote renewable energy and facilitate compliance of Renewable purchase obligations (RPO)
Places an obligation on electricity supply companies to produce/consume a specified fraction of their electricity consumption from renewable energy sources
REC mechanism is aimed at addressing the mismatch between availability of RE resources in state and the requirement of the obligated entities to meet the renewable purchase obligation (RPO)
Solar RECs are issued to eligible entities for generation of electricity based on solar as renewable energy source.
REC would be exchanged only in the CERC approved power exchanges IEX and PXIL
Floor Price varies between Rs 9.30 to Rs. 13.40 per unit

Scope of REC & RPOs

RPO Status: - FY 2007 - 08

State	RPO Target	RPO Met
Maharashtra	4%	3%
Gujarat	2%	2%
Karnataka	10%	11.5%
Tamil Nadu	10%	11%
Punjab	1%	0.74%
Haryana	4%	0%
Madhya Pradesh	10%	0.07%

There is a Huge scope for REC trading in coming years

REC Price on IEX Power Exchange

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