Saturday, January 07, 2012

Renewable Energy Certificate

A REC represents the property rights to the environmental, social, and other nonpower qualities of renewable electricity generation.
RECs are known under functionally equivalent names such as Green Tags or Tradable Renewable Certificates (TRCs), depending on the market. The U.S. currently does not have a national registry of RECs issued.
In India there are several options for pricing renewable electricity such as using Market determined prices, linking prices to Unscheduled Interchange (UI) prices, setting the tariff for electricity generated from renewable resources as average power purchase price of the distribution licensee or fixing normative or feed-in tariff for particular renewable technology.

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