RENEWABLE ENERGY CERTIFICATES IN INDIA

摘要

The Renewable Energy Certificate (REC) platform was formally launched by the Central Electricity Regulatory Commission (CERC) on 18 November 2010. This article focuses on the REC mechanism, and the issues and challenges involved for India. The power sector in India is rapidly growing in size and complexity with factors such as growth of short term power, trading instruments such as renewable energy certificates (RECs), injection of renewable power into the grid, wider participation in open access, and increasing contribution of independent power plants. Policy and regulatory changes are more frequent than before, reflecting the dynamic nature of the industry. Major developments in the power sector are being driven by issues such as the demand-supply gap, losses in state utilities, ageing infrastructure, private participation, and environmental impact among others.