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

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

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

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

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

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

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

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

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

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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Thank you !!Thank you !!

Email ID: reccentralagency@powergridindia.com

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