Renewable Energy Certifi cate Trading through Power Exchanges in India

G. P. Girish, P. Sashikala, Bharath Supra and Anitha Acharya
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G. P. Girish: Department of Finance, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India
P. Sashikala: Department of Operations, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India
Bharath Supra: Department of Finance, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India
Anitha Acharya: Department of Marketing, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India.

International Journal of Energy Economics and Policy, 2015, vol. 5, issue 3, 805-808

Abstract: Renewable energy certifi cate (REC) trading through power exchanges commenced in March 2011 in India. The enactment of Indian Electricity Act 2003 along with mandatory obligation of purchasing renewable power for distribution companies imposed by Central Electricity Regulatory Commission and State Electricity Regulatory Commissions has propelled REC trading in Indian Electricity market. In this study we review REC trading in India, role played by power exchanges in facilitating REC trading, policy framework promoting renewable energy, renewable purchase obligation imposed and suggests the possible policy considerations for the regulators in future

Keywords: Renewable Energy Certifi cate; Trading; Power Exchanges; India; Renewable Purchase Obligation; Solar Renewable Energy Certifi cate; Non-Solar Renewable Energy Certifi cate (search for similar items in EconPapers)
JEL-codes: C01 C22 C53 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (9)

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