Under Section 66 of the Electricity Act-2003 (EA’03), the Central Electricity Regulatory Commission (CERC) is empowered to promote market development including trading in power in accordance with the guidelines issued under the National Tariff Policy (NTP) which envisages under Para 6.4(2) competition among same type of non-conventional sources. The CERC in coordination with SERCs have evolved national level REC mechanism to promote growth of RE capacity addition.

RECs offers a unique opportunities for renewable energy producers to unbundle the physical electricity and environmental attributes (aka REC). While the physical energy can be sold at par with conventional electricity in open market, RECs can be sold separately through a market based mechanism. RECs can help RE generators create an additional pool of revenue and hence better IRRs. We are India's largest REC trading company since 2012 and offer services related with entire REC lifecycle to RE generators. Our services includes support in obtaining Accreditation, Registration, Issuance and Trading at power exchanges (IEX & PXIL).

• Member at IEX & PXIL

• India’s largest REC Trading Company

• 46% Market share in Non-Solar RECs

• 85% Market Share in Solar RECs

• 2.5GW of RE under management

• Projects present across 16 States

• Largest scale of issuance (over 300 projects)

Achievements

REConnect trades the largest volume of RECs in India every month.

Traded the very first REC in India in March 2011, and the very first Solar REC in India in May 2012.

Under Section 86(1)(e) read with Section 181 of the Electricity Act-2003 (EA’03), State Electricity Regulatory Commission (SERCs) are empowered to specify certain minimum purchase of electricity from Renewable Energy sources. Exercising power conferred under the EA’03, all SERCs and joint ERCs have notified RPO regulation for their respective states/union territories.

Enforcement mechanism & penalty for non-compliance: RPO can be met either through procurement/consumption of renewable energy or by the way of procuring equivalent number of renewable energy certificates(REC) issued under the REC Mechanism as approved by Central Electricity Regulatory Commission (CERC).

Non-compliance of RPO can lead to penalty upto maximum price of RECs as notified by CERC. Many SERCs have also issued provisions for additional penalty as per Section 142 of EA’03.

REConnect Energy is a leading provider of RPO liability management services. We provide end-to-end services in the space – from diagnostics, building a strategy for cost-effective compliance , to executing the strategy through our award winning REC Trading service (link to page) and Clickpower.in – India’s first energy management portal. Key services include

1)RPO assessment and mitigation strategy

2)Procurement of Green Power and/or RECs

3)Compliance Reportingdetail

Working with large clients to help in RPO compliance. Our portfolio for RPO compliance spans 800 MW.

IEGC 2010 envisages plan for improved grid discipline and accountability by mandating Wind & Solar Forecasting & Scheduling, through implementation of the RRF Mechanism by 01.01.2011.

CERC extends RRF implementation by 01.01.2012.

Procedures for implementation of RRF laid down

CERC approves the detailed procedure of RRF and gives direction for its implementation from 15.07.2013.

CERC: Suspension of the Commercial Settlement Mechanism to continue till further notice.

CERC Inter State Forecasting, Scheduling and Imbalance Handling Mechanism 2015: From 1st November 2015.

Forecasting Services

1. Coordination Protocol with the Client and the Project Developer.

2. Initial analysis, study of historical generation of the project and setting up a forecasting model.

3. Day Ahead Forecast & Intra Day Forecast.

4. Collection of static and dynamic data from the Project site for developing and calibrating forecast model.

Scheduling, energy accounting, de-pooling, reconciliation and settlement

1. Scheduling of power for the SS, to be sent to SLDC

2. Energy Accounting of actual energy generated

3. De-pooling and reconciliation of energy accounts w.r.t. actual energy generated.

4. Weekly settlement of Net Obligation.

Additional Servicest

1. Daily report to the Client summarizing the final forecast of previous day vis-à-vis actual generation and implication of UI under RRF mechanism.

2. Weekly report to the Client summarizing the final forecast of week vis-à-vis actual generation and implication of UI under RRF mechanism.

Our portfolio

1. 1100 MW of Wind Power, over 30 Sub-Stations across 6 states in India, for which we are providing our Forecasting and Scheduling services.

2. We have been in this domain since the implementation of RRF regulation in July 2013, with close to 18 months of experience in forecasting & scheduling and coordination with all stakeholders.

3. We are also looking to provide similar services to the solar sector, which has recently picked up pace, and is expected to experience healthy growth in the years to come.

Forecasting Methodologies

1. 1100 MW of Wind Power, over 30 Sub-Stations across 6 states in India, for which we are providing our Forecasting and Scheduling services.

2. We have been in this domain since the implementation of RRF regulation in July 2013, with close to 18 months of experience in forecasting & scheduling and coordination with all stakeholders.

Achievements

We have been felicitated with the ‘Wind Facilitator of the Year’ award at the 4th Wind IPP Summit Awards 2014, held on 13th November in New Delhi.

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