RENEWABLE ENERGY CERTIFICATES: NEW MARKET OPTION FOR WIND GENERATORS

摘要

The Central Electricity Regulatory Commission (CERC) announced framework for Renewable Energy Certificates (REC) on 14th January 2010. With the emergence of this new mechanism, a new market segment is expected to be created for renewable energy generation. This paper attempts to give brief background, legal framework and description of this new mechanism. This paper also touches upon the Status of RPOs, readiness on part of various States to implement this mechanism.