REC: A must for India to achieve renewable energy targets
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These regulations shall be applicable to all renewable energy based projects of generating companies which are grid connected. All sources recognized and approved by the Ministry of New and Renewable Energy shall come under these regulations. Following are the major changes proposed in the procedures:.
Those renewable energy based Captive Generating Plants which do not fulfill the criteria as prescribed in the Electricity Act,shall not be eligible for renewable energy certificate trading in india for the energy generated by the plant for self consumption. Ownership of existing valid RECs shall be transferable by the central agency in case of change of legal status of registered entity.
The procedures include the following conditions as change of legal status:. Application for revalidation or extension of validity of existing RECs shall be done at least three months in advance,prior to the expiry of existing registration by generating companies and distribution licensees.
In case of reduction of the registered capacity of the RE generating plants, the application should be submitted online. Non-solar renewable energy certificate trading in india was significantly higher than in Februaryand also last month.
The written submission for the case on stay of trading of solar RECs has been done and the judgment is reserved. Non-solar demand was marginally lower than in Januaryand also significantly than last month. However, it must be kept in mind that last month traded volumes were at a record high, and overall, this year has seen significantly higher demand.
Total traded value was Rs crores. Several regulatory commissions have issued orders and notices in the recent past. This trend is expected to continue into the last quarter of the financial year. Renewable energy certificate trading in india demand was significantly higher than in Novemberand also higher than last month.
Non-solar demand was significantly higher than in Octoberand also higher than last month. In its order dated 30th Marchthe commission had renewable energy certificate trading in india the validity of RECs which were going to expire between 1st April to 30th September till 31st March Non-solar demand was marginally higher than in Augustand significantly lower than last month.
A Blog by REConnect. Following are the major changes proposed in the procedures: The procedures include the following conditions as change of legal status: REConnect shifted its major volume on PXIL in a timely manner this trade session due to higher demand, resulting in higher clearing.