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PROCEDURES FORPROCEDURES FOR IMPLEMENTATION OF REC MECHANISMREC MECHANISM
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INDEX
MODEL GUIDELINES FOR ACCREDITATION BY STATE AGENCY
REGISTRATION BY CENTRAL AGENCY
ISSUANCE OF RECs BY CENTRAL AGENCY
REDEMPTION OF RECs
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Schematic for REC ImplementationSchematic for REC Implementation Procedures
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Model Guidelines / Procedure for AccreditationModel Guidelines / Procedure for Accreditation
Verification Prior to Accreditation
3b1
2
Eligible Entity State Agency SLDCApplication for Accreditation
Confirmation of
Intimation of Accreditation
3aAccreditation
Intimation of Accreditation
3a
3c
Central Agency
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Procedure for RegistrationProcedure for Registration
Eligible Entity State Agency SLDC
Intimation of Registration
6b
Intimation of Registration
6c
Application for Registration
4
Power Exchange
Central Agency
Verification 5
Confirmation of Registration6a
6d
Verification Prior to
Registration
5Registration Intimation of Registration
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Procedure for IssuanceProcedure for Issuance
State AgencyIntimation of
Issuance
Verification Pre-Condition2
3
5b
SLDC CentralAgency
Intimation of Meter Reading
Regular Injection Report
Issuance of REC
3
4
Distribution Licensee
Application for Issuance14b
4c
5a
Eligible EntityJoint Meter
4a
Reading
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Procedure for RedemptionProcedure for Redemption
Central Agency
ConfirmationVerification Conditions(By 15:30)
2Confirmation
Of REC validity & quantity
(by 16:00)
Obligated Entity / Buyer
Eligible Entity
Power Exchange(s)
Offer for Sale13:00 to 15:00 hrs
1a
Bid for Purchase13:00 to 15:00
1b
Intimation of Trade resultsFor Extinguishing REC
(By 17:00)3
Market Clearance(Volume & Price)
Central Agency Reports
4
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MODEL GUIDELINES FOR ACCREDITATION BY STATE AGENCY
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Model Guidelines: Contents
ObjectiveApplicability & ScopeApplicability & ScopeStep wise descriptionFunctions, roles and responsibilities of entities involvedInformation requirement – application form & contentR t f t f dit ti tifi tReport: format for accreditation certificateTimelinesFees and chargesFees and chargesEvent of default and consequences thereofPowers to remove difficulties
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Model Guidelines: Applicability & Scope
Applicable to all Generating Companies Using RE sources for generation as recommended by MNRE.g y
State Commission to designate State Agency to d th dit ti f RE G trecommend the accreditation of RE Generators.
State Agency to undertake accreditation six monthsState Agency to undertake accreditation six months earlier than from commissioning date.
Validity of accreditation: 5 years
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Model Guidelines: Information Requirement
OwnerOperatorOperatorRE StationConnectivityMeteringStatutory Clearance GeneralFees & ChargesDeclarationDeclaration
Online generation of Application, print & submit to State Agency along with
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enclosures
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Model Guidelines: Timelines, Fees & Charges
Timelines: Undertake accreditation of those generating facilities which g gare proposed to be commissioned within period not exceeding 6 months from the date of application.State Agency to inform the applicant with regard to theState Agency to inform the applicant with regard to the incompleteness of the application within 2 working days.
Applicant to respond within 7 working days.
Fees & Charges for State AgencyOne time application processing feesOne time application processing feesOne time accreditation chargesAnnual charge for accreditation
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Accreditation charges for re-validation/extension
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REGISTRATION BY CENTRAL AGENCYAGENCY
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Registration: Applicability and Scope
Applicable to all RE Generating companies who have received the Certificate of accreditation
Undertake registrationNot earlier than 3 months prior to proposed date of commissioningAfter receipt of Certificate of AccreditationAfter receipt of Certificate of Accreditation
Validity of Registration: 5 Years
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Registration: Information Requirement
Application for Registration as per the format specifiedShould contain
Owner detailsRE Generation Station detailsCertificate of Accreditation by the state agencyCertificate of Accreditation by the state agencyGeneration facility commissioning scheduleAny other relevant information as specifiedNon ref ndable registration fees/charges and ann al fee/chargesNon-refundable registration fees/charges and annual fee/charges shall be accompaniedDeclaration
Separate applications in case of multiple RE generation projects
O li ti f A li ti i t & b it t C t l A l ith
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Online generation of Application, print & submit to Central Agency along with enclosures
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Registration: Time Line
Furnishing the Central Agency
requestedApplication
accompanied with fees and
chargesGrant of
Registration
requested details by the
applicant
3 Months
2 days7 days
15 days 15 days
Process of RegistrationIntimation
regarding Payment of
15 days 15 days
gregarding Incompleteness of application
Payment of applicable registration Charges
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Registration: Fees and Charges
One time Registration processing feesOne time Registration processing fees
One time registration Charges
Annual charges for Registration
Registration Charges for Revalidation/ extension of validityvalidity
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ISSUANCE OF RECs BY CENTRAL AGENCY
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Issuance of RECs
Applicability & ScopeEligible Entities, who have received ‘Certificate of g ,Registration’ from the Central AgencyCentral Agency while issuing the REC’S to Eligible Entities
Information RequirementRenewable Energy Injection ReportRenewable Energy Injection Report The Registration Number issued by Central AgencyDetails of Fee and ChargesCompliance Auditor report, if any
Denomination1 REC = 1 MWh
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1 REC = 1 MWh
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Issuance of RECs: Timelines
Eligible Entity to apply for issuance of renewable energy certificates within three (3) months of energy gy ( ) gyinjection
Th li ti f i f R bl EThe application for issuance of Renewable Energy Certificates may be made on a fortnightly basis
Central Agency to issue the REC to the Eligible Entities within fifteen (15) days from the date of application
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REDEMPTION OF RECs AFTERREDEMPTION OF RECs AFTER TRADE IN POWER EXCHANGE(s)
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Redemption of RECs
Validity of RE Certificates : 365 days
Applicable to the Eligible Entity that chooses to place the RECs for dealing on the Power Exchange(s)
Bidding in the Power Exchange(s)
Central Agency to verify quantity of valid RECs available with the concerned eligible entity
Extinguishing of the RECs based on the succesful trades culminated in the Power Exchange(s)
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First-in-first-out order for extinguishing
3/19/2010
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Draft Procedures for REC Implementation
Available for stakeholder comments on:
www.forumofregulators.org
www.cercind.gov.in
www nldc in / www nldcindia inwww.nldc.in / www.nldcindia.in
www.forumofloaddespatchers.in / www.forumofld.in
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