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Renewable Energy Certificates

Renewable Energy Certificates. A concept developed under the Electricity Act, 2003 and National Action Plan on Climate Change (NAPCC) to enhance the share of renewable in the total generation capacity of the country. 1 REC = 1 MWh of electricity injected in grid. Salient features of REC.

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Renewable Energy Certificates

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  1. Renewable Energy Certificates A concept developed under the Electricity Act, 2003 and National Action Plan on Climate Change (NAPCC) to enhance the share of renewable in the total generation capacity of the country. 1 REC = 1 MWh of electricity injected in grid

  2. Salient features of REC To Promote RE & to facilitate RPO Framed by CERC Governed by NLDC Trading at Power Exchanges Solar & Non Solar

  3. Power Scenario in Himachal Pradesh Considerable increase in power generation in last three decades observed Strong morphology and network of rivers and glaciers – great potential for hydro power Hydropower generation is more economical than thermal power generation in Himachal Pradesh Solar is also being greatly encouraged

  4. Ctd… Estimated installed capacity of SWH: 14,460 m2 Hydropower potential in Himachal Pradesh

  5. Major sources for meeting power requirement Own hydel generation Free power entitlement of GoHP Central sector stations where HPSEB has share allocations Purchased through private micro hydel plants installed in the State and bilateral short term contracts

  6. Pricing of Electricity Market prices of electricity • Done based on supply-demand dynamics • Price discovery generally through competitive bidding or power exchanges Average Power purchase price • Calculated by pooling the price from all sources of power for a state • Generally lower than normative tariff Feed-in-tariff or the Preferential tariff

  7. RPO Status (2009-10)

  8. REC in Himachal Pradesh Notification by HPERC on the Regulations: 26th May 2010 Designation of “Directorate of Energy” as a state agency: 19th June 2010 • Applicability of RPPO • The distribution licensee • Any other person consuming electricity • generated from conventional Captive Generating Plant having capacity of 1 MW and above for his own use and/or • procured from conventional generation through open access third party sale

  9. Ctd… • The distribution licensee shall purchase electricity (in kWh) from renewable sources, at a defined minimum percentage of the total consumption including transmission and distribution losses, within the area of the distribution licensee, during a year • The Captive and Open Access User(s)/ Consumer(s), shall purchase electricity (in kWh) from renewable sources, at a defined minimum percentage of his total consumption

  10. Ctd… Certificate by CERC: Instrument of discharge of obligation Segregated meeting of obligation viz. a viz. Solar and Non-solar • Consequence of default • Penalty • Creation of separate fund

  11. Ctd… No project accredited till date • PPA for maximum number of projects have been signed on preferential tariff. • Projects intended for third party sale are in process of commissioning.

  12. Alternate Revenue Stream Analysis *APPC price for 2009-10 as per CERC ** Deduced from last two year data of power exchange

  13. Liability

  14. Risk Assessment • On non abidance of RPO

  15. Ctd… • On abidance of RPO • With the availability of RECs

  16. Ctd…

  17. Recommendations

  18. Ctd… • For Bankers • APPC along with REC generates considerable revenue. Hence, shouldn’t be rejected. • For Project participants • Increased awareness required • Competitive bidding tariff appears most profitable • For regulating agencies • Stringency in abidance of RPO obligation required. • Appropriate channelization of defaulters

  19. THANK YOU!!!

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