Renewable Energy Certificates

Description

In this course you will learn the variety of points regarding Renewable Energy Certificates (REC) as follows:

• Introduction to Renewable Energy Certificates

• Conceptual framework for REC mechanism as per CERC Regulations

• RPO trajectory notified by Ministry of Power

• CERC orders on floor and forbearance price

• Salient features of the REC mechanism

• REC mechanism

• Summary of floor and forbearance Price of Non-solar REC

• Summary of floor and forbearance Price of Solar REC

• Salient features of the REC mechanism

• Generation of Renewable Energy

• Separating Attributes

• Certification

• Trading and Transactions

• Environmental Benefits

• Double Counting Prevention

• Regulatory Compliance

• How renewable energy certificates are made

• Renewable Energy Generation

• Environmental Attributes Separation

• Creation of RECs

• Tracking and Registry

• Trading and Transactions

• Use and Retirement

• Format of Making Renewable Energy Certificate

• Certificate Header

• Issuer Information

• Generator Information

• Environmental Attributes

• Generation Details

• Certification Information

• REC Ownership and Transfer

• Use and Retirement

• Registry Information

• Terms and Conditions

• Signature and Seal

• Appendix or Attachments

• Renewable Energy Certificate issuing authority in United States

• Renewable Energy Certificate issuing authority in European Union

• Renewable Energy Certificate issuing authority in Australia

• Renewable Energy Certificate issuing authority in Canada

• Renewable Energy Certificate issuing authority in India

• Roles and responsibilities of these regulatory authorities

• Central Electricity Regulatory Commission (CERC)

• State Electricity Regulatory Commissions (SERCs)

• Salient Features of the REC Framework

• denomination of each REC issued

• What would be the sources of revenue under REC mechanism?

• Who is eligible for REC?

• A REGS/CGP will be eligible for issuance of Certificates

• Advance Accreditation

• Advance Registration

• How long a REC would be valid?

• Which RE technologies are eligible for REC?

• What are the options available for RE generators to sell renewable energy generated?

• What is the procedure for getting REC?

• Who could buy REC? Can REC be used to fulfil Renewable Purchase Obligation?

• Where RECs would be traded?

• What would be the price of one REC?

• What are the Fees and Charges for Accreditation, Registration, Issuance and Redemption?

• What happens if Renewable Purchase Obligation is not met by the Obligated Entities?

• What is the date from which an RE Generator becomes eligible for issuance of RECs?

• Within how many days of generation, an eligible entity may apply for issuance of RECs?

• Registration from 20 States in India

• Renewable purchase obligation

• Key points about Renewable Purchase Obligation (RPO)

• How renewable purchase obligation works

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