REC brief guide

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MADE BY – NAMAN SUKHIJA INTERN 27 May 2015 – 11 July 2015 INDIAN GREEN BUILDING COUNCIL CII-GREEN BUSINESS CENTRE namansukhijagmail.com RENEWABLE ENERGY CERTIFICATE BRIEF GUIDE

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Renewable Energy Certificate  Instruments to promote the use of renewable energy.  To address the mismatch between availability of Renewable Energy sources and the requirement of the obligated entities to meet their Renewable Purchase Obligation. 2

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 Renewable Purchase Obligation is a mandatory condition for Obligated Entities to purchase a percentage of the total power consumption.  Obligated Entities are the distribution licensees and consumers owning the captive power plants.  One Renewable Energy Certificate REC is treated as equivalent to 1 MWh. 3

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4 Types of Renewable Energy Certificate REC Solar RECs Solar energy as renewable energy source Non-Solar RECS Renewable Energy Source other than Solar

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Renewable Energy Certificates are important because they provide flexibility to the buyers - • In procuring green power across a diverse geographical area. • In applying the renewable attributes to the electricity use at a facility of choice 5

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 Energy is generated by various available technologies and fuel resources.  The generated electricity is transferred to consumers in a complex grid system using wires and infrastructure.  The electricity reaching to the consumer is same in every aspect whatever the source may be. This makes it impossible for an individual or an organisation to identify the source by which the energy was generated.  REC helps the consumers to address this problem and assure that the energy received by them is generated through a renewable source. 6

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Total Installed Renewable Energy in India TOTAL 33791.74 MW 22465.03 3062.68 3990.83 1365.20 2800.35 107.58 TOTAL INSTALLED CAPACITY MW 31 DECEMBER 2014 WIND POWER SOLAR POWER SMALL HYDRO POWER BIOMASS POWER BAGASSE COGENERATION WASTE TO POWER 7

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Month Year Opening Balance A REC Issued B No. of REC Redeemed Total EC+D Closing Balance FA+B-E RECs Redeemed through Power Exchanges C RECs retained by RE Generators D Jul 2014 7836780 1485060 38442 - 38442 9283398 Aug 2014 9283398 702700 51844 - 51844 9934254 Sep 2014 9934254 859795 24013 25000 49013 10745036 Oct 2014 10745036 1074046 74381 20000 94381 11724701 Nov 2014 11724701 731207 197162 25457 222619 12233289 Dec 2014 12233289 1087197 337782 60400 398182 12922304 Jan 2015 12922304 411590 569149 46085 615234 12718660 Feb 2015 12718660 593085 792356 57747 850103 12461642 Mar 2015 12461642 453091 723967 13543 737510 12177223 Apr 2015 12177223 810257 64134 8563 72697 12914783 May 2015 12914783 821264 339768 2879 342647 13393400 June 2015 13393400 1420931 185493 45627 231120 14583211 Total: 24894035 10005523 305301 10310824 8

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Eligibility Criteria A generating company engaged in generation of electricity from renewable energy sources shall be eligible for participation under REC scheme if it fulfils the following conditions-  It does not have any Power Purchase Agreement to sell electricity with the obligated entity for the purpose of meeting its renewable purchase obligation at a tariff determined under section 62 or adopted under section 63 of the Act by Appropriate Commission:  Provided that in case of renewable energy sources based co-generation plants the connected load capacity as assessed or sanctioned by the concerned distribution licensee shall be considered as the capacity for captive consumption for the purpose of issues of certificates irrespective of the capacity of such plants covered under the power purchase agreement. 10

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 It sells the electricity generated either • To the distribution licensee of the area in which the eligible entity is located at the pooled cost of power purchase of such distribution licensee as determined by the Appropriate Commission. • To any other licensee or to an open access consumer at a mutually agreed price or through power exchange at market determined price. All Renewable Energy based captive power producer shall be eligible for their entire energy generation including self consumption. It has obtained accreditation from the State Agency 11

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• Accreditation by State Agency • Registration by Central Agency • Issuance of RECs by Central Agency • Redemption of RECs Operational Framework 12

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• Three months from the date of generation. Application • Fifteen days from the date of application Issuance • 365 days from the date of issue or exchange by way of sale whichever is earlier Validity • Registration Annual and Transaction Fees Fees • Membership Charges • Transaction Charges Charges at Exchange REC - Timeline Fees and Charges 15

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S.N. Fee and Charges towards Accreditation Amount in ₹ 1 Application Processing Fee One Time 5000 2 Application Processing Fee One Time 30000 3 Annual Charges 10000 4 Revalidation Charge at the end of five 5 years 15000 Accreditation Charges 16

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S.N. Fee and Charges towards Registration Amount in ₹ 1 Application Processing FeesOne Time 1000 2 Registration Fees One Time 5000 3 Annual Charges 1000 4 Revalidation Charge at the end of five years 5000 S.N. Fees and Charges towards Issuance of REC Amount in ₹ 1 Fees per Certificate 10 Registration Charges Issuance Charges 17

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18 This is a general idea of REC. Original REC may vary from the picture showed above.

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