{"id":12626,"date":"2019-12-30T17:18:26","date_gmt":"2019-12-30T11:48:26","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12626"},"modified":"2019-12-30T17:18:26","modified_gmt":"2019-12-30T11:48:26","slug":"renewable-energy-certificates-sales-down-10-in-december","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/renewable-energy-certificates-sales-down-10-in-december\/","title":{"rendered":"Renewable Energy Certificates Sales Down 10% in December"},"content":{"rendered":"\n<p><strong>News:<\/strong>The sales of Renewable Energy Certificates(REC) fell around 10% to 5.04 lakh units in December as compared to 5.59 lakh in the same month a year ago.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Background on REC:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Electricity Act, 2003 and the National Action Plan on Climate Change(NAPCC) provide for a roadmap for increasing the share of renewable in the country.<\/li><li>Central Electricity Regulatory Commission(CERC) had notified the Regulation on Renewable Energy Certificate(REC) in 2010.<\/li><\/ul>\n\n\n\n<p><strong>About Renewable Energy Certificates(REC):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Renewable Energy Certificate (REC) mechanism is a market based instrument to promote renewable energy and facilitate compliance of renewable purchase obligations(RPO).&nbsp;<\/li><li>It is aimed at addressing the mismatch between availability of RE resources in state and the requirement of the obligated entities to meet the renewable purchase obligation(RPO).<\/li><\/ul>\n\n\n\n<p><strong>Working of REC:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>REC are also known as green energy certificates or tradable renewable certificates.They are proof that energy has been generated from renewable sources such as solar or wind power.<\/li><li>Each REC represents the environmental benefits of 1MWh of renewable energy generation.When you purchase RECs,renewable energy is generated on your behalf.<\/li><li>Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country, which are engaged in trading of RECs and electricity.&nbsp;<\/li><li>The mechanism helps states meet their regulatory requirements by overcoming the geographical constraints on the existing renewable potential in different states.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The sales of Renewable Energy Certificates(REC) fell around 10% to 5.04 lakh units in December as compared to 5.59 lakh in the same month a year ago. Facts: Background on REC: The Electricity Act, 2003 and the National Action Plan on Climate Change(NAPCC) provide for a roadmap for increasing the share of renewable in the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/renewable-energy-certificates-sales-down-10-in-december\/\">Continue reading <span class=\"screen-reader-text\">Renewable Energy Certificates Sales Down 10% in December<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4182],"tags":[4830],"class_list":["post-12626","post","type-post","status-publish","format-standard","hentry","category-environment","tag-renewable-energy-certificate","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704487837},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/12626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=12626"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/12626\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=12626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=12626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=12626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}