Solar REC trading in India

Girish, G.P., Singhania, Keshav, and Emodi, Nnaemeka Vincent (2017) Solar REC trading in India. International Journal of Renewable Energy Research, 7 (4). pp. 1529-1534.

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Renewable Energy Certificate (REC) symbolizes traits of electric power which has been produced by means of renewable energy as a primary source. The traits of REC are unbundled from electric power which is produced and both are sold/purchased separately in India and are traded in a market-place such as Power Exchange of India Ltd (PXIL) or Indian Energy exchange (IEX). REC trading in India via power exchanges as a platform started in 2011. In this study we review Solar Renewable Energy Certificate trading in India using Indian Energy Exchange data which has impelled in the last few years owing to a host of policy initiatives taken by the Central Government of India and State Governments along with the guidelines/norms prescribed by the Electricity Regulatory Commissions particularly from Renewable Purchase Obligation perspective. The study would help power market participants and other stakeholders to develop a perspective based on the nuances associated with Solar REC trading in India.

Item ID: 54216
Item Type: Article (Research - C1)
ISSN: 1309-0127
Keywords: Indian energy exchange; renewable energy certificate (REC); solar
Date Deposited: 20 Jun 2018 02:57
FoR Codes: 40 ENGINEERING > 4008 Electrical engineering > 400803 Electrical energy generation (incl. renewables, excl. photovoltaics) @ 50%
40 ENGINEERING > 4009 Electronics, sensors and digital hardware > 400909 Photonic and electro-optical devices, sensors and systems (excl. communications) @ 50%
SEO Codes: 85 ENERGY > 8505 Renewable Energy > 850505 Solar-Thermal Electric Energy @ 50%
85 ENERGY > 8506 Energy Storage, Distribution and Supply > 850601 Energy Services and Utilities @ 50%
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