Renewable Energy Certificates (RECs) in India – A performance analysis and future outlook

摘要: Abstract Well designed Renewable Energy (RE) policies and their effective regulation is the key to promote RE generation in world. Certificate (REC) mechanism a market-based policy instrument which facilitates (Energy) Purchase Obligations (RPOs) order increase country. The recently conceived implemented REC India attempts involve various stakeholders an economically efficient manner has been its first year of operation. paper commences with background genesis India. It characterises trading analyses performance market for FY 2011–12. Comparing financial viability sale by project developers certain states, shows that more profitable than entering into Power Agreement (PPA) at Preferential Tariff (Feed-in-Tariffs). Thus, attained size 2.3 billion INR existence forecasted grow manifold future forecast near term. Further analysis reveals although there are inherent advantages over other methods promoting growth RE, currently subject distortions suggests few steps correcting these appropriate re-design. concludes gained momentum can effectively manner, benefits all stakeholders, provided it strictly continuous corrections given right direction regulator.