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Renewable Energy Certificates

Renewable Energy Certificates. By: Gensol Consultants Pvt. Ltd. LIVE GREEN. DO RIGHT. Contents. Renewable Energy Certificates (REC) Conceptual framework of REC Operational framework of REC REC Pricing Case Study Important features of REC mechanism Services offered.

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Renewable Energy Certificates

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  1. Renewable Energy Certificates By: Gensol Consultants Pvt. Ltd. LIVE GREEN. DO RIGHT.

  2. Contents • Renewable Energy Certificates (REC) • Conceptual framework of REC • Operational framework of REC • REC Pricing • Case Study • Important features of REC mechanism • Services offered LIVE GREEN. DO RIGHT.

  3. Renewable Energy Certificates (REC) • REC is deemed as certificate of power generated from Renewable Energy sources; • 1 REC = 1 Mega Watt hour of renewable energy generated; • Can be sold or traded to meet mandatory RPO targets set by State Electricity • Regulatory Commissions for renewable energy purchases by utilities/distribution • companies; • Exchanges identified for REC trading- Indian Energy Exchange & Power • Exchange of India; • REC would be divided into two categories: • Solar Certificates • Non-Solar Certificates LIVE GREEN. DO RIGHT.

  4. Eligibility Criteria • All renewable energy generators already NOT having PPA with the distribution • licensees for contracted quantum; • RE generator selling electricity generated either : • to the distribution licensee of the area in which the eligible entity is located, at a price not exceeding the pooled cost of power purchase of such distribution licensee; or • to any other licensee or to an open access consumer at a mutually agreed price, or through power exchange at a market determined price; • eligible CPP utilizes electricity for self consumption • All REC based captive power produces shall be eligible for their entire energy generation including self consumption. LIVE GREEN. DO RIGHT.

  5. Conceptual framework Distribution Utility at a price not more than average pool price Sale at Preferential tariff Obligated Entities Third party sale on mutually agreed price RE Generator Sale through power exchanges Electricity Component Sale in REC framework Obligated Entities (Sale through power exchanges Renewable Component (REC) LIVE GREEN. DO RIGHT.

  6. Operational framework LIVE GREEN. DO RIGHT.

  7. Accreditation & Registration Process Verify Accreditation Application Eligible Entity State Agency SLDC Intimation Confirmation Confirmation Central Agency Power Exchange Intimation Application LIVE GREEN. DO RIGHT.

  8. Issuance of REC Process State Agency Verification Pre Condition Regular Injection SLDC Power Exchange Central Agency Verify before Issuance Application Issuance Intimation For Meter Reading Apply for sale of REC SLDC Eligible Entity Joint Meter Reading LIVE GREEN. DO RIGHT.

  9. REC Trading RPS Obligated entities RE Generators 1 1 Electricity to Grid Electricity from Grid 4 REC purchase agreement/ trading 5 Issuance of REC 1 Central Agency- NLDC Redemption of REC 6 2 Energy Accounting Application to issue REC Compliance reporting 3 Confirmation of Energy Accounting 7 SLDC Monitoring Committee of each State Quarterly Reporting LIVE GREEN. DO RIGHT.

  10. Redemption Process Eligible Entity Apply for Sale of REC RPO Purchase Power Exchange Obligated Entity SERC Intimation of Sale Intimation of Sale Central Agency State Agency LIVE GREEN. DO RIGHT.

  11. REC- Timelines, Fees & Charges LIVE GREEN. DO RIGHT.

  12. Pricing of REC • CERC has finalized the floor and forbearance price of REC based on: • Variation in cost of generation of different renewable energy technologies • falling under solar and non-solar category, across States in the country; • Variation in the Pooled Cost of Purchase across States in the country; • Expected electricity generation from renewable energy sources including:- • i. expected renewable energy capacity under preferential tariff • ii. expected renewable energy capacity under mechanism of certificates; • Renewable Purchase obligation targets set by State Commissions. LIVE GREEN. DO RIGHT.

  13. Cont… CERC has given the following price range for Solar and non-solar certificates: These prices are calculated as under: Forbearance Price = Maximum (Preferential Tariff- Average Power Pool Cost) Floor Price = Market Equilibrium Price (Minimum requirement for project viability of RE technologies - Average Power Pool Cost) LIVE GREEN. DO RIGHT.

  14. Case Study - Solar LIVE GREEN. DO RIGHT.

  15. Solar policy Landscape Under JNNSM, targets set for Solar Penetration LIVE GREEN. DO RIGHT.

  16. Off-grid Solar system with Battery Back-up LIVE GREEN. DO RIGHT.

  17. Off-grid Solar system with Battery Back-up 1 Renewable Energy Certificate 2 Tax Saving due to Accelerated Depreciation Freedom from grid-based electricity 3 LIVE GREEN. DO RIGHT.

  18. Combined Benefits for a 100 kW system LIVE GREEN. DO RIGHT.

  19. Combined Benefits for a 200 kW system LIVE GREEN. DO RIGHT.

  20. Important features of REC mechanism • REC mechanism is NOT an incentive scheme. Rather it’s main aim is to enable • sale and purchase of renewable component across the State boundaries; • REC mechanism will coexist with all current incentive based schemes, since most • of these schemes are based on certification of generation; • In surplus scenario max 25% of REC, generated in a year, can be carried over only • for next year; • Though REC represent environmental attribute, it will not be related to carbon • credits. These two mechanisms will operate independent of each other. LIVE GREEN. DO RIGHT.

  21. Services Provided LIVE GREEN. DO RIGHT.

  22. Contact Us Ahmedabad Office:14-15, Camps Corner-2, Opp. AUDA Gardern, Prahladnagar, Ahmedabad, Gujarat, India Ph: +91-079-39122200Fax: +91-079-3912220 Gurgaon Office: Bldg:301 InfoTech Centre.       First Floor 105-106 Old Gurgaon & Delhi Road. Opp Amdocs Gurgaon , India Bangalore Office: 101- 102, First Floor, Sigma Chambers HAL IIIrd Stage JeevanBhima Nagar Main Road Bangalore, India LIVE GREEN. DO RIGHT.

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