Thursday, 26 June 2014
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
There is a Huge scope for REC trading in coming years
REC Price on IEX Power Exchange
L'Obel Solar Power System
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29 January 2017 at 00:07
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