Story Of Renewable Energy Certificates For Promoting The Solar Energy In India Part 2

The same as Can BE ACHIEVED Through RECS?

RECs would expansion the changeableness for participants and abolish native constraints. It may perhaps likewise enfeeble the concern compensation for renewable energy business. This requires a brilliant select mechanism for enforcement of RECs in India. Besides, it would likewise create battle by means of various renewable technologies to ride at functioning categorically. In the last part it would enfeeble the risks of mother country Discoms by limiting their responsibility to austerely energy swallow.

Breach RECS Myths

Gift are around points that are to be shy in mind's eye to the same extent undergo what REC is and what it is not:

. REC model is NOT an stimulus mechanism. Relatively it enables the market of swallow of renewable abandon across the state grounds.

. REC does NOT grant any lucrative attributes such as 'Accelerated Reduction, so it is different than Broadcast Tax Credits

. In spite of this REC represents recyclable fasten, it is NOT affiliated to carbon credits as two mechanisms are free of any other

REC mechanism may perhaps be implemented with any stretch based stimulus model as apiece mechanisms are based on certificate of generation

Employment OF REC Piece of equipment

The self-important figure represents how the REC mechanism would con. Gift are various issues that believe to be addressed for implementation of the RECs. These are:

. Pricing and Consequence of REC

. Ecological form of REC

. Activation of REC

. Practiced RE Technologies and Generators

. Sure entities

. REC registry

. Banking and Trading

. Enforcement for non-compliance

. Stand up human being of RE dispensation

. Dusk find out for REC mechanism

. Compatibility with other schemes

A chock-a-block policy petition wishes to be introduced for REC mechanism and secrete state REC market in India.

RECs can elate about the extreme sought-after conversion in the profit mechanism in recent times used by India for promoting solar and other renewable energy. This would connote a jam-packed opinion and structuring of the dispensation but it is pronounce to act now the same as India is attracting colossal investments in this spot. Or very, Breakables would be toppling us in renewable energy likewise in future!

Note: This hardship has been resulting from a report by IREDA and ABPS Telephone lines Reproving Pvt. Ltd.

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