- New Delhi, 14th August 2018: P K Singh appointed as Director-Commercial at Power Finance Corporation
- Chnadigarh, 14th August 2018: Chandigarh residents to pay more for power on higher fuel cost
- New Delhi, 14th August 2018: Tata Sons to sell shares worth Rs 11,500 crore in TCS buyback
- New Delhi, 14th August 2018: Tata Steel submits revised bid for Bhushan Power, lenders to meet on Tuesday
- New Delhi, 14th August 2018: 25 government contracts may go to Power Grid; Private firms allege bias
- New Delhi, 13th August 2018: Manjula Chellur appointed as new chairperson of Appellate Tribunal for Electricity
- New Delhi, 13th August 2018: Reserve Bank backs REC-promoted ARC for power sector stressed assets
- New Delhi, 13th August 2018: Preference for state utilities led to power sector stress
RPO is the obligation mandated by the SERC under the Act to purchase minimum quantum of Renewable Energy out of the total consumption by the ‘Obligated Entity’.
Types- Solar and Non-solar
Obligated Entity means the
- Distribution Licensees
- Open Access consumers
- Consumers owning Captive Power Plants.
Every Obligated Entity must meet its RPO by way of
- Own generation or procurement of RE power from developer, OR
- Purchase of Renewable Energy Certificates (RECs), solar and non-solar from the Power Exchanges.
- Combination of any of the above options.
- Solar obligation can be met by purchase of Solar RECs only, but on non availability, can be substantiated by non solar on permission from SERC.
If REC benefits are taken for a specified capacity of RE power, then it ceases to be green power and hence cannot be utilised for fulfilling RPO. Hence if a RE CPP user avails REC for his generation under consumption, then his consumption shall become obligated and hence RPO is applicable. However, the RECs received cannot be kept back for RPO fulfillment. He will have to sell the RECs and buy RECs from the Power Exchange for RPO.
Consequences of default
Where the obligated entity does not fulfill the renewable purchase obligation as provided in these regulations during any year and also does not purchase the certificates, the Commission may direct the obligated entity to deposit into a separate fund, to be created and maintained by such obligated entity, such amount as the Commission may determine on the basis of the shortfall in units of RPPO and the forbearance price decided by the Central Commission:
Where any obligated entity fails to comply with the obligation to purchase the required percentage of power from renewable energy sources or the renewable energy certificates, it shall also be liable for penalty as may be imposed by the Commission under section 142 of the Electricity Act 2003.