Overview

In this course you will learn the variety of points regarding Renewable Energy Certificates (REC) as follows:Introduction to Renewable Energy CertificatesConceptual framework for REC mechanism as per CERC RegulationsRPO trajectory notified by Ministry of PowerCERC orders on floor and forbearance priceSalient features of the REC mechanismREC mechanismSummary of floor and forbearance Price of Non-solar RECSummary of floor and forbearance Price of Solar RECSalient features of the REC mechanismGeneration of Renewable EnergySeparating AttributesCertificationTrading and TransactionsEnvironmental BenefitsDouble Counting PreventionRegulatory ComplianceHow renewable energy certificates are madeRenewable Energy GenerationEnvironmental Attributes SeparationCreation of RECsTracking and RegistryTrading and TransactionsUse and RetirementFormat of Making Renewable Energy CertificateCertificate HeaderIssuer InformationGenerator InformationEnvironmental AttributesGeneration DetailsCertification InformationREC Ownership and TransferUse and RetirementRegistry InformationTerms and ConditionsSignature and SealAppendix or AttachmentsRenewable Energy Certificate issuing authority in United StatesRenewable Energy Certificate issuing authority in European UnionRenewable Energy Certificate issuing authority in AustraliaRenewable Energy Certificate issuing authority in CanadaRenewable Energy Certificate issuing authority in IndiaRoles and responsibilities of these regulatory authoritiesCentral Electricity Regulatory Commission (CERC)State Electricity Regulatory Commissions (SERCs)Salient Features of the REC Frameworkdenomination of each REC issuedWhat would be the sources of revenue under REC mechanism?Who is eligible for REC?A REGS/CGP will be eligible for issuance of CertificatesAdvance AccreditationAdvance RegistrationHow long a REC would be valid?Which RE technologies are eligible for REC?What are the options available for RE generators to sell renewable energy generated?What is the procedure for getting REC?Who could buy REC? Can REC be used to fulfil Renewable Purchase Obligation?Where RECs would be traded?What would be the price of one REC?What are the Fees and Charges for Accreditation, Registration, Issuance and Redemption?What happens if Renewable Purchase Obligation is not met by the Obligated Entities?What is the date from which an RE Generator becomes eligible for issuance of RECs?Within how many days of generation, an eligible entity may apply for issuance of RECs?Registration from 20 States in IndiaRenewable purchase obligationKey points about Renewable Purchase Obligation (RPO)How renewable purchase obligation works

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