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ID: 125563

Comprehensive method to find RPO trajectory and incentive schem / Shereef, R M; Khaparde, S A

Shereef, R M	Journal Article
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Publication

2013.

Summary/Abstract

Renewable Purchase Obligation (RPO) regime in India started in 2011 with the announcement of benchmark RPO (BRPO) of states for the Financial Year (FY) 2011 by respective State Electricity Regulatory Commissions (SERC), to promote Renewable Energy (RE). The report submitted to Forum of Regulators (FoR) in this regard has recommended uniform rate of increase of BRPO of states and studied the impact of RPO on tariff for FY 2011-2015. However, more rigorous analysis is needed for fixing BRPO in a scientific manner and for fair allocation of incentives to promote RE. This paper attempts to evaluate all states on a common platform to find BRPO, giving due weightage to the state-wise energy demand and RE generation, ensuring minimum change in BRPO of consecutive years and hence less impact of RPO on tariff. To encourage the states to align their actual RPO with BRPO, a financial incentive scheme is proposed giving due weightage to RE consumption, RE capacity addition and RPO compliance of the states. The methods are illustrated for the Indian states using real system data. A study of RPO's impact on electricity tariff of Indian states is also conducted and reported for FY 2011-2015, considering Renewable Energy Certificate (REC).

Key Words

Renewable Purchase Obligation Trajectory ; Renewable Energy Incentive Scheme ; Impact of RPO on Tariff

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ID: 125663

Current status of REC mechanism in India and possible policy mo / Shereef, R M; Khaparde, S A

Shereef, R M	Journal Article
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Publication

2013.

Summary/Abstract

Govt. of India has come up with renewable energy (RE) promotional policies and regulations to tap the abundant renewable energy sources in the country for energy security and to reduce the dependance on fossil fuels. Subsequent to the enactment of the Electricity Act 2003, Renewable purchase obligation (RPO) became mandatory on power distribution companies. Renewable energy certificate (REC) was introduced to help the obligated entities to meet their RPO irrespective of the availability of local RE sources and its trading started in India in March 2011. This paper briefs about the RE promotional policies and regulations of Govt. of India and analyses the RPO announced by various state electricity regulatory commissions (SERCs). A detailed analysis of REC trading at the energy exchanges till February 2013 is presented to show the REC market trend and the share of REC in the total RE requirement of the country. The impact of RE promotional policies and regulations on the RE sector is also analysed. Based on the above analysis, realistic policy modifications are suggested to improve the current status of the RE sector of India.

Key Words

Renewable Energy Policies ; Renewable Purchase Obligation ; Renewable Energy Certificate and Trading

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