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Rec   Sandeep Melana
 

Rec Sandeep Melana

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Introductory presentation on Renewable Energy Certificates

Introductory presentation on Renewable Energy Certificates

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    Rec   Sandeep Melana Rec Sandeep Melana Presentation Transcript

    • DISCUSSION ON REC & ESC
      SandeepMelana
    • The Presentation Covers
      Background
      Conceptual framework of REC mechanism
      Operational Framework
      ESC
    • 3
      India’s position on climate change
      • India’s per capita CO2 emissions are 1.05 tonne as against world average of 4.22 tonne
      • There should be no adverse impact of GHG mitigation on GDP growth and poverty alleviation in developing countries.
      • GHG mitigation must be based on the principle of common but differentiated responsibilities (including historical emissions levels) and respective capabilities and result in actual global reduction in GHG emissions.
      • India’s per capita emissions will not exceed those of the developed countries.
    • Background
      Section 86 (1) (e) of EA, 03,
      NAPCC envisages several measures to address global warming
      Share of RE should be increases in total electrical consumption
      5% for 2009-10 with an escalation of 1% each year till 2020
      Strong Policy Measures, proactive regulatory framework, innovative financing instruments
      NAPCC
      Launched in June 2008
      Conceptualizes living in harmony with Nature
      Aims at significantly increasing the share of solar energy in the total energy mix
      Aims at saving of 10,000 MW by the end of 11th Five Year Plan in 2012. ESC
      REC
    • Renewable Energy Certificates – General Features
      1 ”instrument” or “certificate” ≃ 1 MWhof renewable energy generated
      Mechanism is used in many countries
      – RPS (US & Japan),
      – ROCs (UK),
      – RECs (Australia),
      Usually certificates are traded to meet the mandatory
      targets for RE purchases by utilities/DISCOMs
      – However, tradeability is not mandatory
      Targets establish demand
      – Market for RECs sets price
      – At times regulators fixes the ceiling price ~ in form of penalty to
      bring in certainty
      REC Mechanism is compatible with competitive market
    • Renewable Energy Certificate
      Certificate of power generated from RE sources
      It represents the environmental benefit apart from electricity generation
      RE generator can sell 2 different products ---- Electricity & Environment Att.
    • CERC
      7
      RPOs in different States
      7
    • Drivers for RECs in India
      Huge RE Potential but not evenly distributed
      EA 2003 mandates SERC with the function of RE promotion within the state
      Renewable Purchase Obligation
      Each SERC is different
      No mechanism to purchase RE from outside the State
    • Objectives for REC Mechanism in India
      Effective implementation of RPO regulation in all States in India
      Increased flexibility for participants to carry out RE transactions
      Overcoming geographical constraints to harness available RE sources
      Reduce transaction costs for RE transactions
      Create competition among different RE technologies
      Development of all encompassing incentive mechanism
      Reduce risks for local distribution licensee.
    • Operational Framework for REC Mechanism
    • 1
      1
      5
      4
      1
      6
      2
      3
      7
    • Operational Framework
      • Issuance of REC
      • Entity operating NLDC (Central Registry) to issue REC ,based on information from SLDC about injection of RE into grid
      • Eligible RE generator will receive a certificate for a specified quantity of electricity generated
      • Exchange of REC
      • On Power Exchanges approved by CERC
      • Carry Over of REC
      • In surplus scenario max 25% of REC, generated in a year, can be carried over only for next year
    • Salient features of REC Framework
      RE generators with capacity untied in PPA will have an option to sell electricity and REC separately
      REC will be issued to RE Generators only
      1 MWh 1 REC
      Purchase of REC would be considered as purchase of RE
      REC to overcome geographical constraints and provide flexibility to achieve RPO compliance
    • Eligibility criteria
      • Eligible
      • RE technologies recognized by MNRE
      • Grid connected RE generators of at least 250 KW capacity.
      • Not eligible
      • RE project with existing PPA
      • If RE sale at preferential Tariff
    • Energy Saving Certificate
      NAPCC NMEEE
      Target Energy Saving of 10000 MW by 2012
      To achieve this target ESCs are proposed to energy intensive industries
      Specific Energy Consumption
      Baseline Year for SEC – 2008
      BEE – Nodal Egency
    • Facilitating Launching
      Evaluating Performance
      Acquisition & Maintenance of REC
    • Conclusion
      Proposed ‘Renewable Energy Certificate’ has following distinct advantages:
      – Offers viable solution to execute large number of RE transactions in cost effective manner
      – Enables inter-State sale of Renewable Energy
      – Creates competition among different RE technologies
      – Compliant with the provisions of the Electricity Act 2003
      – Not in conflict with either PTC or Carbon Credits
      – Supports implementation of Generation Based Incentives
      – Could be extended to Energy Efficiency Certificates.
      • Existing legal framework does not prohibit implementation of REC mechanism for inter-state sales.