CERC asked to approve Indian renewable energy certificate contracts

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

Africa 306 Asia 859 Australasia 51 Biomass 8 Climate change 20 Coal 282 Cogeneration 1 Concentrating solar 5 Cyber security 8 Decarbonisation 1 Decentralised energy 5 Demand side management 2 Demand side response 2 Digitalisation 10 Distributed energy 10 Distribution 113 Electric vehicles EVs 4 Emissions 61 Energy management 1 Equipment 2 Europe 1068 Gas 379 Gas engine plant 62 Gas fuel 2 Horizon 2 Hydroelectric 17 Hydrogen 56 Hydropower 116 Latin America 77 Maintenance 3 Marine 1 Metering 2 microgrid 5 Middle East 317 North America 1004 Nuclear 643 Offshore wind 119 Oil 18 Operations 4 Policy 8 Regulations 3 Renewables 757 smart grid 2 Solar 249 Storage 40 substation 8 Tepco 2 Tidal 2 Toshiba 4 Transmission 181 US Senate Washington 4 Wind 240

---

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.