Definition
A Renewable Energy Certificate (REC) is a tradable instrument representing the environmental attributes of 1 MWh of generation from a renewable source. Used in India by obligated entities (DISCOMs, captive consumers) for Renewable Purchase Obligation (RPO) compliance.
Key Takeaways
- REC = tradable certificate for 1 MWh of renewable energy.
- Used for Renewable Purchase Obligation compliance in India.
- Issued by POSOCO; traded on IEX, PXIL.
- Solar vs. non-solar RECs categorized separately.
- Prices ₹1,000–3,000 per REC (2024).
Frequently Asked Questions
4 commonly searched questions about REC (Renewable Energy Certificate).
What is an REC?
Renewable Energy Certificate — tradable instrument certifying 1 MWh of renewable generation. Buyers (DISCOMs, captive consumers) use RECs to comply with Renewable Purchase Obligations (RPOs).
Who issues RECs?
POSOCO (Power System Operation Corporation) via CERC's REC mechanism. Generators register their solar/wind plants and earn RECs for each MWh of grid-injected renewable energy.
REC prices in India?
₹1,000–3,000 per REC (2024) depending on category (solar, non-solar) and demand. Trades on power exchanges (IEX, PXIL).
What's an RPO?
Renewable Purchase Obligation — mandate on DISCOMs and captive consumers to procure a fixed percentage of energy from renewables. RECs allow trading RPO compliance across entities.
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