The Central Electricity Regulatory Commission (CERC) has issued the Draft Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022. This shall come into force as stated in the official gazette.
CERC makes the following regulations for the development of market in power from renewable energy sources through renewable energy certificates (REC).
The National Load Despatch Centre (NLDC) shall be the Central Agency for the purpose of these regulations:
Following entities shall be eligible for issuance of Certificates:
(a) Renewable energy generating station,
(b) Captive generating station based on renewable energy sources,
(c) Distribution licensee, and
(d) Open access consumer
The process involves accreditation and registration for Certificates and (ii) issuance, exchange and redemption of Certificates, as specified in the regulations.
The Central Agency shall, within fifteen days from the date of receipt of complete application for issuance of Certificate by the eligible entities, issue Certificate or reject the application recording reason for such rejection and intimate the same to the concerned entity.
The Certificates shall be issued on the basis of the electricity generated and injected into the grid or deemed to be injected in case of self-consumption by the eligible captive generating stations based on renewable energy sources and duly accounted in the Energy Accounting System:
(i) as per the Grid Code or the State Grid Code, as the case may be, or
(ii) based on written communication of distribution licensee to the concerned State Load Despatch Centre or Regional Load
The Certificates shall be exchanged through power exchanges or through electricity traders in such periodicity as may be stipulated by the Central Agency in the Detailed Procedure.
The Commission may, based on the proposal from the Central Agency, determine the fees and charges payable by the eligible entities for accreditation, registration, issuance of Certificates and other matters connected therewith.
CERC has invited the comments/ suggestions/ objections on or before March 15, 2022.
View the complete details of CERC’s latest notification:
