IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v21y2013icp315-323.html
   My bibliography  Save this article

Energy certificates REC and PAT sustenance to energy model for India

Author

Listed:
  • Kumar, Rajesh
  • Agarwala, Arun

Abstract

An innovative energy model is explored for techno-economic feasibility evaluation, taking into consideration the geographical advantages, government policies, regional incentives and energy certificates. In India, two energy certification schemes have been started, namely, the Renewable Energy Certification (REC) mechanism, successfully implemented in India during 2011, and the Perform, Achieve and Trade (PAT) for the Enhanced Energy Efficiency Programme in 2012. This paper reviews the state of the art in designing an energy model at a specific location, with the consideration of solar, wind and ground sources for renewable energy and fossil fuel, to gain optimum performances in energy certificate scenario.

Suggested Citation

  • Kumar, Rajesh & Agarwala, Arun, 2013. "Energy certificates REC and PAT sustenance to energy model for India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 315-323.
  • Handle: RePEc:eee:rensus:v:21:y:2013:i:c:p:315-323
    DOI: 10.1016/j.rser.2013.01.003
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032113000270
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.rser.2013.01.003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Menegaki, Angeliki N., 2011. "Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis," Energy Economics, Elsevier, vol. 33(2), pages 257-263, March.
    2. Richter, Mario, 2012. "Utilities’ business models for renewable energy: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2483-2493.
    3. Bertoldi, Paolo & Huld, Thomas, 2006. "Tradable certificates for renewable electricity and energy savings," Energy Policy, Elsevier, vol. 34(2), pages 212-222, January.
    4. Vine, Edward & Hamrin, Jan, 2008. "Energy savings certificates: A market-based tool for reducing greenhouse gas emissions," Energy Policy, Elsevier, vol. 36(1), pages 467-476, January.
    5. Raadal, Hanne Lerche & Dotzauer, Erik & Hanssen, Ole Jørgen & Kildal, Hans Petter, 2012. "The interaction between Electricity Disclosure and Tradable Green Certificates," Energy Policy, Elsevier, vol. 42(C), pages 419-428.
    6. Jebaraj, S. & Iniyan, S., 2006. "A review of energy models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(4), pages 281-311, August.
    7. Poullikkas, Andreas & Kourtis, George & Hadjipaschalis, Ioannis, 2011. "A hybrid model for the optimum integration of renewable technologies in power generation systems," Energy Policy, Elsevier, vol. 39(2), pages 926-935, February.
    8. Verbruggen, Aviel, 2009. "Performance evaluation of renewable energy support policies, applied on Flanders' tradable certificates system," Energy Policy, Elsevier, vol. 37(4), pages 1385-1394, April.
    9. Daniel, J. & Dicorato, M. & Forte, G. & Iniyan, S. & Trovato, M., 2009. "A methodology for the electrical energy system planning of Tamil Nadu state (India)," Energy Policy, Elsevier, vol. 37(3), pages 904-914, March.
    10. Lohan, Shiv Kumar & Sharma, Sushil, 2012. "Present status of renewable energy resources in Jammu and Kashmir State of India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 3251-3258.
    11. Effendi, Pranoto & Courvisanos, Jerry, 2012. "Political aspects of innovation: Examining renewable energy in Australia," Renewable Energy, Elsevier, vol. 38(1), pages 245-252.
    12. Bhattacharya, Tanushree & Kapoor, Richa, 2012. "Energy saving instrument – ESCerts in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1311-1316.
    13. Buckman, Greg & Diesendorf, Mark, 2010. "Addendum to "Design limitations in Australian renewable electricity policies" [Energy Policy 38 (2010), 3365-3376]," Energy Policy, Elsevier, vol. 38(11), pages 7539-7540, November.
    14. Pandey, Shreemat & Singh, Vijai Shanker & Gangwar, Naresh Pal & Vijayvergia, M.M. & Prakash, Chandra & Pandey, Deep Narayan, 2012. "Determinants of success for promoting solar energy in Rajasthan, India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 3593-3598.
    15. Gillenwater, Michael, 2008. "Redefining RECs--Part 2: Untangling certificates and emission markets," Energy Policy, Elsevier, vol. 36(6), pages 2120-2129, June.
    16. Goyal, Mohit & Jha, Rakesh, 2009. "Introduction of Renewable Energy Certificate in the Indian scenario," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(6-7), pages 1395-1405, August.
    17. Rao, K. Usha & Kishore, V.V.N., 2010. "A review of technology diffusion models with special reference to renewable energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(3), pages 1070-1078, April.
    18. Dinica, Valentina & Arentsen, Maarten J., 2003. "Green certificate trading in the Netherlands in the prospect of the European electricity market," Energy Policy, Elsevier, vol. 31(7), pages 609-620, June.
    19. Buckman, Greg & Diesendorf, Mark, 2010. "Design limitations in Australian renewable electricity policies," Energy Policy, Elsevier, vol. 38(7), pages 3365-3376, July.
    20. Iniyan, S. & Suganthi, L. & Samuel, Anand A., 2006. "Energy models for commercial energy prediction and substitution of renewable energy sources," Energy Policy, Elsevier, vol. 34(17), pages 2640-2653, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. 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. Ákos Hamburger, 2019. "Is guarantee of origin really an effective energy policy tool in Europe? A critical approach," Society and Economy, Akadémiai Kiadó, Hungary, vol. 41(4), pages 487-507, December.
    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.
    5. Dulal, Hari Bansha & Shah, Kalim U. & Sapkota, Chandan & Uma, Gengaiah & Kandel, Bibek R., 2013. "Renewable energy diffusion in Asia: Can it happen without government support?," Energy Policy, Elsevier, vol. 59(C), pages 301-311.
    6. Safarzadeh, Soroush & Hafezalkotob, Ashkan & Jafari, Hamed, 2022. "Energy supply chain empowerment through tradable green and white certificates: A pathway to sustainable energy generation," Applied Energy, Elsevier, vol. 323(C).
    7. Oak, Hena & Bansal, Sangeeta, 2022. "Enhancing energy efficiency of Indian industries: Effectiveness of PAT scheme," Energy Economics, Elsevier, vol. 113(C).
    8. Shrimali, Gireesh & Tirumalachetty, Sumala, 2013. "Renewable energy certificate markets in India—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 26(C), pages 702-716.
    9. Kar, Sanjay Kumar & Sharma, Atul & Roy, Biswajit, 2016. "Solar energy market developments in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 121-133.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. 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.
    3. del Río, Pablo, 2012. "The dynamic efficiency of feed-in tariffs: The impact of different design elements," Energy Policy, Elsevier, vol. 41(C), pages 139-151.
    4. Byrnes, Liam & Brown, Colin & Foster, John & Wagner, Liam D., 2013. "Australian renewable energy policy: Barriers and challenges," Renewable Energy, Elsevier, vol. 60(C), pages 711-721.
    5. del Río, Pablo & Tarancón, Miguel-Ángel, 2012. "Analysing the determinants of on-shore wind capacity additions in the EU: An econometric study," Applied Energy, Elsevier, vol. 95(C), pages 12-21.
    6. Chapman, Andrew J. & McLellan, Benjamin & Tezuka, Tetsuo, 2016. "Residential solar PV policy: An analysis of impacts, successes and failures in the Australian case," Renewable Energy, Elsevier, vol. 86(C), pages 1265-1279.
    7. del Río, Pablo & Mir-Artigues, Pere, 2012. "Support for solar PV deployment in Spain: Some policy lessons," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(8), pages 5557-5566.
    8. Nelson, Tim & Pascoe, Owen & Calais, Prabpreet & Mitchell, Lily & McNeill, Judith, 2019. "Efficient integration of climate and energy policy in Australia’s National Electricity Market," Economic Analysis and Policy, Elsevier, vol. 64(C), pages 178-193.
    9. Michael Howlett & Ishani Mukherjee, 2014. "Policy Design and Non-Design: Towards a Spectrum of Policy Formulation Types," Politics and Governance, Cogitatio Press, vol. 2(2), pages 57-71.
    10. Li, Y.P. & Huang, G.H. & Li, M.W., 2014. "An integrated optimization modeling approach for planning emission trading and clean-energy development under uncertainty," Renewable Energy, Elsevier, vol. 62(C), pages 31-46.
    11. 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.
    12. Simshauser, Paul, 2019. "Missing money, missing policy and Resource Adequacy in Australia's National Electricity Market," Utilities Policy, Elsevier, vol. 60(C), pages 1-1.
    13. Simshauser, Paul, 2018. "Price discrimination and the modes of failure in deregulated retail electricity markets," Energy Economics, Elsevier, vol. 75(C), pages 54-70.
    14. Kapoor, Karan & Pandey, Krishan K. & Jain, A.K. & Nandan, Ashish, 2014. "Evolution of solar energy in India: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 40(C), pages 475-487.
    15. Gupta, Sandeep Kumar & Purohit, Pallav, 2013. "Renewable energy certificate mechanism in India: A preliminary assessment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 380-392.
    16. Simshauser, Paul, 2021. "Renewable Energy Zones in Australia's National Electricity Market," Energy Economics, Elsevier, vol. 101(C).
    17. Dong, C. & Huang, G.H. & Cai, Y.P. & Liu, Y., 2012. "An inexact optimization modeling approach for supporting energy systems planning and air pollution mitigation in Beijing city," Energy, Elsevier, vol. 37(1), pages 673-688.
    18. Kalampalikas, Nikolaos G. & Pilavachi, Petros A., 2010. "A model for the development of a power production system in Greece, Part I: Where RES do not meet EU targets," Energy Policy, Elsevier, vol. 38(11), pages 6499-6513, November.
    19. Azadeh, A. & Babazadeh, R. & Asadzadeh, S.M., 2013. "Optimum estimation and forecasting of renewable energy consumption by artificial neural networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 605-612.
    20. Martin, Nigel & Rice, John, 2015. "Improving Australia's renewable energy project policy and planning: A multiple stakeholder analysis," Energy Policy, Elsevier, vol. 84(C), pages 128-141.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:21:y:2013:i:c:p:315-323. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.