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Renewable Energy Certificate and Perform, Achieve, Trade mechanisms to enhance the energy security for India

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  • Kumar, Rajesh
  • Agarwala, Arun

Abstract

The Renewable Energy Certificate and Perform Achieve Trade mechanisms in India are designed to target energy generation and saving, respectively, in line with Clean Development Mechanism implemented by United Nations Framework Convention on Climate Change. The Renewable Energy Certificate System is a voluntary regulation in India for renewable energy generators and is designed for effective implementation of inter-state transactions by introducing the Renewable Purchase Obligation regulation for consumers and a flexible trading platform for transactions across the country. Another initiative, the Perform Achieve Trade scheme, is an enhanced energy efficiency trading mechanism based on consumption targets that require large energy user sectors to improve efficiency by 1–2% per year. The Perform Achieve Trade programme has introduced mechanisms for the identification of industry sector, designated customer, specific energy consumption and target setting. The Perform Achieve Trade design issues are in test phase in the first cycle of the scheme which will run from 2012 to 2015. This paper discusses key design issues about boundary and target setting for Renewable Energy Certificate and Perform Achieve Trade energy saving certificate (ESCert) A data sharing and trading mechanism for Perform Achieve Trade is also proposed for review and coordination among regulator, designated consumers and traders in the market.

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  • Kumar, Rajesh & Agarwala, Arun, 2013. "Renewable Energy Certificate and Perform, Achieve, Trade mechanisms to enhance the energy security for India," Energy Policy, Elsevier, vol. 55(C), pages 669-676.
  • Handle: RePEc:eee:enepol:v:55:y:2013:i:c:p:669-676
    DOI: 10.1016/j.enpol.2012.12.072
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    References listed on IDEAS

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    Cited by:

    1. Kumar, Rajesh & Agarwala, Arun, 2016. "Renewable energy technology diffusion model for techno-economics feasibility," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 1515-1524.
    2. Bhandari, Divita & Shrimali, Gireesh, 2018. "The perform, achieve and trade scheme in India: An effectiveness analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 1286-1295.
    3. Fu, Xin & Yang, Yu & Dong, Wen & Wang, Changjian & Liu, Yi, 2017. "Spatial structure, inequality and trading community of renewable energy networks: A comparative study of solar and hydro energy product trades," Energy Policy, Elsevier, vol. 106(C), pages 22-31.
    4. Koo, Junmo & Han, Gwon Deok & Choi, Hyung Jong & Shim, Joon Hyung, 2015. "Wind-speed prediction and analysis based on geological and distance variables using an artificial neural network: A case study in South Korea," Energy, Elsevier, vol. 93(P2), pages 1296-1302.
    5. Darmani, Anna & Rickne, Annika & Hidalgo, Antonio & Arvidsson, Niklas, 2016. "When outcomes are the reflection of the analysis criteria: A review of the tradable green certificate assessments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 372-381.
    6. Aleksei V. Bogoviz & Yulia V. Ragulina & Svetlana V. Lobova & Alexander N. Alekseev, 2019. "A quantitative Analysis of Energy Security Performance by Brazil, Russia, India, China, and South Africa in 1990-2015," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 244-250.

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