Rec framework in india

REC Framework in India Ranjeet Singh Research Associate, Regulatory Affairs WISE, Pune

The Presentation follows……….. ,[object Object],[object Object],[object Object],[object Object],[object Object]

Basics of REC (1/3) RE Power Generation Environmental Attribute Power Generation REC REC= 1MWH RE Generation feed to grid

Basics of REC (2/3) Environmental Attribute REC Solar REC Non-Solar REC

Basics of REC (3/3) RE Power Generation Environmental Attribute Power Generation Sale at Market determined price Sale at Av. Pooled price of power procurement

Need for Effective implementation of REC ,[object Object],[object Object],[object Object],[object Object]

Eligible Entity Central Agency Power Exchange SLDC Distribution Utility State Agency App. for Accreditation App. For Registration App. For Issuance Intimation of Registration Intimation of Issuance Intimation of Accreditation Intimation of Joint Meter Reading Joint Meter Reading Joint Meter Reading Offer for Sale Bid for Purchase Trade intimation

Procedure for Implementation of REC ,[object Object],[object Object],[object Object],[object Object]

Accreditation of REC by State Agency Eligible Entity SLDC Central Agency State Agency App. for Accreditation Intimation of Accreditation Intimation of Accreditation Intimation of Accreditation Distribution Utility

Steps for Accreditation of REC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Pre- accreditation check –by SA (1/2) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Pre- accreditation check –by SA (2/2)

Registration of REC by Central agency Eligible Entity Central Agency State Agency SLDC Power Exchange App. for Registration Intimation of Registration Intimation of Registration Intimation of Registration

Steps for Registration of REC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Pre- Registration check –by CA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Issuance of REC by Central agency Eligible Entity Central Agency State Agency SLDC Distribution Utility App. for Issuance Intimation of Issuance Intimation of Issuance Intimation of Issuance Injection report Injection report Joint meter reading Joint meter reading

Steps for Issuance of REC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Pre- Issuance check –by CA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Redemption of REC by Central agency Eligible Entity Power Exchange Obliged Entity Central Agency Bid for sale of REC Bid for purchase of REC 13.00-15.00 hrs . 13.00-15.00 hrs . Trade intimation 15.30 hrs . REC Confirmation 16.00 hrs . MCP and MCV 16.00-17.00 hrs .

Pricing of REC REC Non-Solar Solar Floor Price Rs12.28/kWh Forbearance price Rs17.23/kWh Floor Price Rs1.45/kWh Forbearance Price Rs3.78/kWh

Benefits of REC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Rec framework in india

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