The Central Electricity Regulatory commission on 9th May 2022, has published the Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022 for the development of market in power from renewable energy sources through renewable energy certificates.
As per the regulation, Renewable energy generating station, Captive generating station based on renewable energy sources, Distribution licensee, Captive generating stations based on renewable energy sources, and Open access consumer shall be eligible for issuance of Certificates.
Accreditation to the eligible entities connected to intra-State transmission system shall be granted by the State Agency:
Provided that the eligible entities granted accreditation prior to the date of coming into force of these regulations shall be deemed to have been granted accreditation under these regulations till validity of their respective accreditations.
An eligible entity which has been granted accreditation or deemed to have been granted accreditation under these regulations, shall be eligible for grant of registration by the Central Agency in accordance with the Procedure for Registration for Certificate to be issued by the Central Agency as part of the Detailed Procedure:
Provided that the entities granted registration under the REC Regulations, 2010 shall be deemed to have been granted registration under these regulations.
The registration shall be valid for twenty five years from the date of registration: Provided that the registration granted under the REC Regulations, 2010 and deemed to have been granted registration under these regulations shall be valid for a period of twenty five years from the date of deemed registration .
An eligible entity which has been granted registration or deemed to have been granted registration may apply for issuance of Certificates, to the Central Agency in accordance with the Procedure of Issuance of Certificate to be issued by the Central Agency as part of the Detailed Procedure.