CALL FOR RENEWABLE PURCHASE OBLIGATION (RPO) COMPLIANCE THROUGH PURCHASE OF RENEWABLE ENERGY CERTIFICATES RECs)
For the attention of Obligated Entities (Distribution Companies, Captive Power Consumers and Open Access Consumers) in India. So, renewable energy development is of strategic importance for India from the point of view of long-term energy supply security, decentralization of energy supply particularly for the benefit of the rural population, environmental benefits, sustainability. And it also reduce carbon footprints of the economy.
Electricity Act 2003 has made RPOs mandartory for Obligated Entities.
RPOs can also be met either by purchasing electricity from renewable sources or by purchasing RECs.
Non-compliance of RPOs attracts penalties under Section 142 of the Electricity Act.
Are you an Obligated Entity?
REC Regulation 2010 and court orders have mandated RPO Compliance.
Comply RPO by purchasing RECs for the year 2016-17 before 31 March 2017 and avoid huge penalties.
REC trade takes place on last Wednesday of every month on power Exchanges For more details log on to www.iexindia.com or www.pxil.com
For more information, refer to RPO regulation of the respective State Electricity Regulatory Commissions (SERCs)
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