State Utilities in India Commanded to Buy Minimum 5% Renewable Energy
The Central Electricity Regulatory Commission (CERC) today addressed that all power state utilities in the country will have to buy at minimum five percent of their grid purchase from renewable energy sources from 2009-10 onwards and 15 percent by 2020. In his special address at Green Power 2009, an international conference and exposition on renewable energy, organised by Confederation of Indian Industry at Chennai Pramod Deo, chairperson and chief executive, CERC said that the regulator in undertaking an internal action plan on global climate change.
The CERC will determine the active slightest buy level for renewal energy which will aid lower down emission from the electrical energy sector. “While the minimum purchase standard will be fixed, from 2009-10 onwards all electrical energy utilities in the country will have to buy renewable energy. There will be one per cent raise in the purchase of renewable energy for every year for the coming 10 years,” he stated.
He added that presently 20 state electrical energy regulative commissions (SERCs) have already determined the percentage of energy that has to be bought from renewable sources. “While Karnataka and Tamil Nadu are presently purchasing 10 per cent of their grid purchase from renewable sources, Maharashtra has attained four percent target,” he stated.
“A minimal renewable energy purchase responsibility also has to be fixed,” he stated.
Deo further disclosed that the ministry of new and renewable energy is also undertaking a feasibility study for introducing renewable energy certificates. “One certificate will be equal to 1 Mw of renewable energy generated. The certificates can be traded to attain the mandatory targets of renewable energy purchase,” he said.
He added, though the certificate to all forms of renewable energy the government is thinking of introducing separate certificate for solar energy.
The certificate will be valid for one year and it can be traded through the power exchanges. “Whether trading companies will be permitted to do trading, we are presently thinking about it, he stated.
The new system is likely come into position from April 2010, announced Deo and it will be bought by those states which are confronting deficit presently. A registry from National Load Despatch Centre would tackle.
Read more about Renewable Energy Certificates in North America
Loading ...
