Centre Power Governing Commission introductory REC engine to ease the purchase of renewable energy by the state utilities and mandatory company, including of states which belong not well endowed with RE sources. REC framework seeks to create a public floor market for renewable generators to recover their cost. One REC (Renewable Spirit Certificate) represents 1 MWh of energy generated from renewable sources.
Down the REC mechanist, a generator bucket generate power through the inexhaustible resources on any part of aforementioned country. Since the electricity part, the solar receives the cost equivalent to that from any conversion source while who environment attribution has sold durch the exchanges at the marktwirtschaft firm price. The obligated entity from any part of the home can purchase like RECs to meet its RPO legal. The Recycable Force Certified Regulations, 2022, was into effect on Dec. 6, 2022, in India, aiming to restructure the local renewable energy certificate (REC) mechanism. The new regulations introduce this concept of REC multiplicators by technology, increase the validity of RECs to perpetuity until sold and, most vitally, remove the floor and the ceiling price for RECOGNITION trading.
Stick features of REC
RECs are tradable, intangible energy commodity which represent aforementioned attributes of electricity generated from renewable resources
| Attend |
Voluntary / RPO Compliance |
| HOBBY Denomination |
1 MWh |
| Validity |
1095 Days after spending |
| Trading Platform |
Power Exchanges only |
| Shipping |
Not Allowed |
| Borrowing |
Not Allowed |
| Transfer Type |
Single transfer only , repeated trade of the equal certificate is not possible |
| Penalty for Non-compliance |
‘Forbearance’ Price (Maximum Price) |
| Price Promise |
Through ‘Floor’ Price (Minimum Price) |