Renewable Energy Certificates: Domestic Support, Renewable Energy, Energy Market, Alternative Energy
Title
Date
No of pages
Renewable Energy Certificates: Domestic Support for Renewable Energy Market in India
FEB 2010
13
Renewable Energy Certificates (REC) promote renewable energy and facilitate Renewable Purchase Obligations (RPOs). RECs have been successfully implemented market based policy instruments used by various countries, such as the US, the UK, Denmark, Japan, Australia, and Netherlands, to promote renewable energy development. In India, these instruments will be traded in the Power Exchanges approved by Central Electricity Regulatory Commission (CERC) with a cap and floor price. These instruments will provide much needed support not only to the renewable power market but also to the government’s effort to reduce carbon emissions. RECs will also be significant in reducing the gap between the renewable potential of various states in the country and the RPOs mandated by the State Electricity Regulatory Commission (SERCs). >> Read more
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