Electricity regulator to set up renewable energy exchange

March 20th, 2009 - 8:57 pm ICT by IANS  

Kolkata, March 20 (IANS) The Central Electricity Regulatory Commission (CERC) has proposed to set up an exchange for renewable energy, a top official said here Friday.
“There would be a national exchange kind of a thing where registration of renewable energy would be done,” CERC chairman Pramod Deo said during an interaction with members of the Merchants Chamber of Commerce here.

Deo said the exchange would help develop a market for renewable energy and boost its production.

The CERC would give its recommendation for nuclear energy tariff within two months, he added. “We have initiated a study. It would take two months to come out with the recommendation.”

The regulator had earlier recommended renewable energy certification for wind energy and solar power producers and also for small hydel power generating units, whose energy production cannot be scheduled.

Deo said the effect of surplus production of renewable energy - more than the prescribed quota - on the tariff structure is also being studied.

This is being done as the cost of production of renewable energy is higher than the power generated from non-renewable sources, he said.

Under the national action plan, a state has to generate 5 percent of its total power from renewable sources.

HOwever, several states, including Tamil Nadu and Karnataka, are generating 10 percent of their total power from renewable sources. “We understand that going beyond 10 percent, energy tariff in such states would be affected,” Deo said.

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