Renewable Energy Certificate (REC) mechanism is a market based instrument to promote renewable energy and facilitate compliance of renewable purchase obligations (RPO).

Salient Features of the REC Framework

There will be a central level agency to be designated by the Central Commission for registration of RE generators participating in the scheme.

The RE generators will have two options - either to sell the renewable energy at preferential tariff fixed by the concerned Electricity Regulatory Commission or to sell the electricity generation and environmental attributes associated with RE generation separately.

On choosing the second option, the environmental attributes can be exchanged in the form of REC. Price of electricity component would be equivalent to weighted average power purchase cost of the distribution company including short-term power purchase but excluding renewable power purchase cost. The Central Agency will issue the REC to RE generators.

The value of REC will be equivalent to 1 MWh of electricity injected into the grid from renewable energy sources.

The REC will be exchanged only in the Power Exchanges approved by CERC within the band of a floor price and a forbearance (ceiling) price to be determined by CERC from time to time.

The distribution companies, Open Access consumer, Captive Power Plants (CPPs) will have option of purchasing the REC to meet their Renewable Purchase Obligations (RPO). Pertinently, RPO is the obligation mandated by the State Electricity Regulatory Commission (SERC) under the Act, to purchase minimum level of renewable energy out of the total consumption in the area of a distribution licensee.

There will also be compliance auditors to ensure compliance of the requirement of the REC by the participants of the scheme.

IGBC Green New Buildings rating system® addresses green features under the following categories:

      
• Sustainable Architecture and Design
• Site Selection and Planning
• Water Conservation
• Energy Efficiency
• Building Materials and Resources
• Indoor Environmental Quality
• Innovation and Development

The guidelines detailed under each mandatory requirement & credit enables the design and construction of new buildings of all sizes and types (as defined in scope). Different levels of green building certification are awarded based on the total credits earned. However, every green new building should meet certain mandatory requirements, which are non-negotiable.

Contact us if you wish to get registered!!

The threshold criteria for certification/pre-certification levels are as under:

Certification Level	Owner-occupied Buildings	Tenant-occupied Buildings	Recognition
Certified	40 - 49	40 - 49	Good Practices
Silver	50 - 59	50 - 59	Best Practices
Gold	60 - 74	60 - 74	Outstanding Performance
Platinum	75 - 89	75 - 89	National Excellence
Super Platinum	90 - 100	90 - 100	Global Leadership

 

Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid.

For example, if a residential customer has a PV system on the home's rooftop, it may generate more electricity than the home uses during daylight hours.

• Generate from your roof top
• Synchronize it with the grid
• Feed surplus power back to the grid
• Only pay for the net power used
• Earn Renewable Energy Certificates

Forms and Permissions Needed:

• Annexure 1 with distribution licensee
• Annexure 2 for net metering arrangement
• Acknowledgment letter from the ward officer
• Model Net Metering connection agreement
• Dispute resolution signing
• PWD/ Municipality permission for rooftop construction