Renewable Energy Certificate for RE Generators:
The electricity Act,2003,the policies framed under the act, and also the National Action plan on climate change (NAPCC) Provide for a roadmap for increasing the share of renewable energy in total generation capacity to 15% in the overall energy mix of India by 2020.
Under the electricity act 2003, the state electricity regulatory commission (SERCs) set targets for distribution companies to purchase certain percentage of their total power requirement from renewable energy sources. This target is termed as Renewable purchase obligation (RPO).
RECs are a market mechanism to facilitate the compliance of RPOs. A Renewable Energy Certificate (REC) is a tradable certificate of proof that one MWh of electricity has been generated by a RE plant in the state. Under this frame work, RE generators can trade RECs through a power exchange platform that will allow market based price discovery, within a price
Price range determined by the CERC.
WeCompli India Pvt. Ltd. extends expert services to project promoters/developers for accreditation, registration/issuance of Renewable Energy Certificates. (RECs)
The specific services offered by WeCompli are as follows:
- Preparation and filing of application for Accreditation to State Agency/ SLDC.
- Preparation and filing of application for Registration to NLDC.
- Obtaining approved Energy Injection Report from SLDC.
- Preparation and filing of application for Issuance of RECs to NLDC.
- Obtaining Confirmation for Issuance of RECs.
WeCompli will also assist the client in marketing and trading of RECs through its network base.
For Captive and Open Access Consumers
We offer complete liability management solutions to Captive and Open Access consumers who are under Renewable Purchase Obligation (RPO).
