REC Application and Issuance procedures
There is standard procedure from the accreditation to the issuance of REC’s. Trading would be supported by the exclusively assigned Power Exchanges. Every RE generating entity requires to apply for the accreditation. Next step is application for the registration as an ‘eligible entity’. The certificate for registration to the concerned applicant (as ‘Eligible Entity’) confirming its entitlement to receive Renewable Energy Certificates. Further procedure followed by ‘Issuance’ and then ‘Redemption’ (i.e. trading of the REC’s on the platform of ‘Power Exchanges’ approved by the central agency- NLDC)
Following schematics shows how the overall process works out;
Captive Power Producer (CPP) are eligible to earn RECs: Know more
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Shailesh
Shailesh is post graduate in Environment Management from Forest Research Institute (FRI) University, Dehradun, India. Presently he is working in the areas of Environmental and Renewable Energy Advisory Services. He has started GreenCleanGuide.com during his college days.