CERC asked to approve Indian renewable energy certificate contracts

• 15 years ago (2010-08-30)
• David Flin

Africa 351 Asia 976 Australasia 62 Battery 1 Biofuel 1 Biomass 8 Biomethane 1 Clean energy 1 Climate change 23 Coal 340 Cogeneration 2 Concentrating solar 6 Cyber security 8 Decarbonisation 3 Decentralised energy 6 Demand side management 3 Demand side response 3 Digitalisation 12 Distributed energy 10 Distribution 146 Electric vehicles EVs 4 Emissions 67 Energy management 3 Equipment 2 Europe 1145 Gas 443 Gas engine plant 80 Gas fuel 3 Horizon 2 Hydroelectric 17 Hydrogen 73 Hydropower 151 Latin America 93 Maintenance 5 Marine 1 Metering 2 microgrid 5 Middle East 354 North America 1061 Nuclear 712 Offshore wind 126 Oil 24 Operations 4 Policy 9 Regulations 3 Renewables 808 smart grid 2 Smart meters 1 Solar 317 Storage 49 substation 8 Tepco 2 Tidal 2 Toshiba 4 Transmission 222 US Senate Washington 4 Waste-to-energy 1 Wind 282

---

The Indian Energy Exchange (IEX) and Power Exchange India (PXI), both involved in day-ahead energy trading, have approached India’s central Electricity Regulatory Commission (CERC) asking for the introduction of renewable energy certificate (REC) contracts. Both have filed their petitions under Regulations 4 and 7 of the CERC (Power Market) Regulations, 2010.

CERC sources said that it had asked IEX and PXI to undertake a test run of the software for various scenarios, with at least 10 test cases covering the different types of demand/supply curves.

The mechanism aims to promote additional investment into renewable energy projects and to provide an alternative way for renewable energy generators to recover costs.