Despite a major legislative push for renewable energy, voluntary purchasers of renewable energy certificates (REC) are still insignificant in India, consulting firm Intellecap said in its report.
According to the analysis, obliged entities account for almost all demand for RECs, with distribution companies (discoms) taking 60% of the supply and captive power plants and open access users accounting for nearly 40%. Participation from voluntary buyers is barely seen.
The Renewable Energy Certificate (REC) mechanism is a market-based tool for promoting renewable energy and facilitating compliance with renewable
purchase obligation (RPO).
