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Renewable Energy Certifi cate Trading through Power Exchanges in India

Author

Listed:
  • G. P. Girish

    (Department of Finance, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India)

  • P. Sashikala

    (Department of Operations, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India)

  • Bharath Supra

    (Department of Finance, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India)

  • Anitha Acharya

    (Department of Marketing, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India.)

Abstract

Renewable energy certifi cate (REC) trading through power exchanges commenced in March 2011 in India. The enactment of Indian Electricity Act 2003 along with mandatory obligation of purchasing renewable power for distribution companies imposed by Central Electricity Regulatory Commission and State Electricity Regulatory Commissions has propelled REC trading in Indian Electricity market. In this study we review REC trading in India, role played by power exchanges in facilitating REC trading, policy framework promoting renewable energy, renewable purchase obligation imposed and suggests the possible policy considerations for the regulators in future

Suggested Citation

  • G. P. Girish & P. Sashikala & Bharath Supra & Anitha Acharya, 2015. "Renewable Energy Certifi cate Trading through Power Exchanges in India," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 805-808.
    • Handle: RePEc:eco:journ2:2015-03-22
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    References listed on IDEAS

    as
    1. Girish Godekere Panchakshara Murthy & Vijayalakshmi Sedidi, 2014. "Forecasting Electricity Prices in Deregulated Wholesale Spot Electricity Market: A Review," International Journal of Energy Economics and Policy, Econjournals, vol. 4(1), pages 32-42.
    2. G. P. Girish & S. Vijayalakshmi, 2015. "Role of Energy Exchanges for Power Trading in India," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 673-676.
    3. Shereef, R.M. & Khaparde, S.A., 2013. "Current status of REC mechanism in India and possible policy modifications to way forward," Energy Policy, Elsevier, vol. 61(C), pages 1443-1451.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. S. Vijayalakshmi & G. P. Girish, 2015. "Artificial Neural Networks for Spot Electricity Price Forecasting: A Review," International Journal of Energy Economics and Policy, Econjournals, vol. 5(4), pages 1092-1097.
    2. Shrestha, Anil & Kakinaka, Makoto, 2023. "Nexus between renewable energy certificates and electricity prices in India: Evidence from wavelet coherence analysis," Renewable Energy, Elsevier, vol. 204(C), pages 836-847.
    3. G P Girish & Aviral Kumar Tiwari, 2016. "A comparison of different univariate forecasting models forSpot Electricity Price in India," Economics Bulletin, AccessEcon, vol. 36(2), pages 1039-1057.
    4. Irfan, Mohd, 2021. "Integration between electricity and renewable energy certificate (REC) markets: Factors influencing the solar and non-solar REC in India," Renewable Energy, Elsevier, vol. 179(C), pages 65-74.
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    7. Upma Singh & Mohammad Rizwan & Hasmat Malik & Fausto Pedro García Márquez, 2022. "Wind Energy Scenario, Success and Initiatives towards Renewable Energy in India—A Review," Energies, MDPI, vol. 15(6), pages 1-39, March.
    8. A. Erin Bass & Birgitte Grøgaard, 2021. "The long-term energy transition: Drivers, outcomes, and the role of the multinational enterprise," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(5), pages 807-823, July.

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    More about this item

    Keywords

    Renewable Energy Certifi cate; Trading; Power Exchanges; India; Renewable Purchase Obligation; Solar Renewable Energy Certifi cate; Non-Solar Renewable Energy Certifi cate;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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