The Central Electricity Regulatory Commission (CERC) on 15th March 2022, has published the Draft 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 Draft regulation, Renewable energy generating station, Captive generating station based on renewable energy sources, Distribution licensee, and Open access consumer shall be eligible for issuance of Certificates.
The process involves (i) accreditation and registration for Certificates and (ii) issuance, exchange and redemption of Certificates, as specified in these regulations.
An eligible entity which has been granted accreditation for Certificates or deemed to have been granted accreditation for Certificates under these regulations, shall be eligible for grant of registration for Certificates 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 for Certificates under the REC Regulations, 2010 shall be deemed to have been granted registration for Certificates under these regulations.
The registration for Certificates granted in terms of these regulations shall be valid for 15 years from the date of registration for Certificates.
An eligible entity which has been granted registration for Certificates or deemed to have been granted registration for Certificates 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.
Each Certificate issued under these regulations shall represent one Megawatt hour of electricity generated from renewable energy sources and injected or deemed to be injected (in case of self-consumption by eligible captive generating station based on renewable energy sources) into the grid.
CERC has invited comments/ suggestions/ objections from the stakeholders on the above Draft Regulations which shall be sent within 15th March, 2022 at the email addresses, secy@cercind.gov.in and advisor-re@cercind.gov.in.
For registered users, the comments/ suggestions/ objections shall also be uploaded through SAUDAMINI Portal by clicking e-Regulation link on the e-filing Home Page. For any query on uploading on SAUDAMINI Portal, e-Court Helpdesk at 011-23353503 Extension 260 or 7042604928 may be contacted.
