IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2015-03-22.html
   My bibliography  Save this article

Renewable Energy Certifi cate Trading through Power Exchanges in India

Author

Listed:
  • G. P. Girish

    (Department of Finance, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India)

  • P. Sashikala

    (Department of Operations, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India)

  • Bharath Supra

    (Department of Finance, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India)

  • Anitha Acharya

    (Department of Marketing, IBS Hyderabad, IFHE University, (a Deemed to-be-University under Section 3 of UGC Act 1956), Andhra Pradesh, India.)

Abstract

Renewable energy certifi cate (REC) trading through power exchanges commenced in March 2011 in India. The enactment of Indian Electricity Act 2003 along with mandatory obligation of purchasing renewable power for distribution companies imposed by Central Electricity Regulatory Commission and State Electricity Regulatory Commissions has propelled REC trading in Indian Electricity market. In this study we review REC trading in India, role played by power exchanges in facilitating REC trading, policy framework promoting renewable energy, renewable purchase obligation imposed and suggests the possible policy considerations for the regulators in future

Suggested Citation

  • G. P. Girish & P. Sashikala & Bharath Supra & Anitha Acharya, 2015. "Renewable Energy Certifi cate Trading through Power Exchanges in India," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 805-808.
    • Handle: RePEc:eco:journ2:2015-03-22
    as

    Download full text from publisher

    File URL: http://www.econjournals.com/index.php/ijeep/article/download/1287/737
    Download Restriction: no
    File URL: http://www.econjournals.com/index.php/ijeep/article/view/1287/737
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Girish Godekere Panchakshara Murthy & Vijayalakshmi Sedidi, 2014. "Forecasting Electricity Prices in Deregulated Wholesale Spot Electricity Market: A Review," International Journal of Energy Economics and Policy, Econjournals, vol. 4(1), pages 32-42.
    2. G. P. Girish & S. Vijayalakshmi, 2015. "Role of Energy Exchanges for Power Trading in India," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 673-676.
    3. Shereef, R.M. & Khaparde, S.A., 2013. "Current status of REC mechanism in India and possible policy modifications to way forward," Energy Policy, Elsevier, vol. 61(C), pages 1443-1451.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shrestha, Anil & Kakinaka, Makoto, 2023. "Nexus between renewable energy certificates and electricity prices in India: Evidence from wavelet coherence analysis," Renewable Energy, Elsevier, vol. 204(C), pages 836-847.
    2. repec:eco:journ2:2017-04-08 is not listed on IDEAS
    3. Upma Singh & Mohammad Rizwan & Hasmat Malik & Fausto Pedro García Márquez, 2022. "Wind Energy Scenario, Success and Initiatives towards Renewable Energy in India—A Review," Energies, MDPI, vol. 15(6), pages 1-39, March.
    4. A. Erin Bass & Birgitte Grøgaard, 2021. "The long-term energy transition: Drivers, outcomes, and the role of the multinational enterprise," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(5), pages 807-823, July.
    5. S. Vijayalakshmi & G. P. Girish, 2015. "Artificial Neural Networks for Spot Electricity Price Forecasting: A Review," International Journal of Energy Economics and Policy, Econjournals, vol. 5(4), pages 1092-1097.
    6. G P Girish & Aviral Kumar Tiwari, 2016. "A comparison of different univariate forecasting models forSpot Electricity Price in India," Economics Bulletin, AccessEcon, vol. 36(2), pages 1039-1057.
    7. Irfan, Mohd, 2021. "Integration between electricity and renewable energy certificate (REC) markets: Factors influencing the solar and non-solar REC in India," Renewable Energy, Elsevier, vol. 179(C), pages 65-74.
    8. Byeong Gwan Bhang & Gyu Gwang Kim & Hae Lim Cha & David Kwangsoon Kim & Jin Ho Choi & So Young Park & Hyung Keun Ahn, 2018. "Design Methods of Underwater Grounding Electrode Array by Considering Inter-Electrode Interference for Floating PVs," Energies, MDPI, vol. 11(4), pages 1-16, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. G. P. Girish & S. Vijayalakshmi, 2015. "Role of Energy Exchanges for Power Trading in India," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 673-676.
    2. S. Vijayalakshmi & G. P. Girish, 2015. "Artificial Neural Networks for Spot Electricity Price Forecasting: A Review," International Journal of Energy Economics and Policy, Econjournals, vol. 5(4), pages 1092-1097.
    3. G P Girish & Aviral Kumar Tiwari, 2016. "A comparison of different univariate forecasting models forSpot Electricity Price in India," Economics Bulletin, AccessEcon, vol. 36(2), pages 1039-1057.
    4. Mara Madaleno & Victor Moutinho & Jorge Mota, 2015. "Time Relationships among Electricity and Fossil Fuel Prices: Industry and Households in Europe," International Journal of Energy Economics and Policy, Econjournals, vol. 5(2), pages 525-533.
    5. Darmani, Anna & Rickne, Annika & Hidalgo, Antonio & Arvidsson, Niklas, 2016. "When outcomes are the reflection of the analysis criteria: A review of the tradable green certificate assessments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 372-381.
    6. Jamasb, Tooraj & Thakur, Tripta & Bag, Baidyanath, 2018. "Smart electricity distribution networks, business models, and application for developing countries," Energy Policy, Elsevier, vol. 114(C), pages 22-29.
    7. Kılıç Depren, Serpil & Kartal, Mustafa Tevfik & Ertuğrul, Hasan Murat & Depren, Özer, 2022. "The role of data frequency and method selection in electricity price estimation: Comparative evidence from Turkey in pre-pandemic and pandemic periods," Renewable Energy, Elsevier, vol. 186(C), pages 217-225.
    8. Brown, David P. & Cajueiro, Daniel O. & Eckert, Andrew & Silveira, Douglas, 2024. "Evaluating the Role of Information Disclosure on Bidding Behavior in Wholesale Electricity Markets," Working Papers 2024-2, University of Alberta, Department of Economics.
    9. Mukherjee, Paramita & Coondoo, Dipankor & Lahiri, Poulomi, 2019. "Forecasting Hourly Prices in Indian Spot Electricity Market," MPRA Paper 103161, University Library of Munich, Germany.
    10. Wȩdzik, Andrzej & Siewierski, Tomasz & Szypowski, Michał, 2017. "Green certificates market in Poland – The sources of crisis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 490-503.
    11. Sawhney, Aparna, 2022. "Renewable Energy Certificates Trading in India: A Decade in Review," ADBI Working Papers 1313, Asian Development Bank Institute.
    12. Santiago Gall n & Jorge Barrientos, 2021. "Forecasting the Colombian Electricity Spot Price under a Functional Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 67-74.
    13. Victor Moutinho & Ant nio Carrizo Moreira & Jorge H. Mota, 2015. "Measuring the Simultaneous Quantity Game in OMEL Spot Electricity Market," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 305-320.
    14. Jorge Barrientos Marin & Elkin Tabares Orozco & Esteban Velilla, 2018. "Forecasting electricity price in Colombia: A comparison between Neural Network, ARMA process and Hybrid Models," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 97-106.
    15. David Talavera-Zabre, 2022. "Market-value of Renewables in the Young Mexican Power Market," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(4), pages 1-27, Octubre -.
    16. Komain Jiranyakul, 2015. "Oil Price Volatility and Real Effective Exchange Rate: The Case of Thailand," International Journal of Energy Economics and Policy, Econjournals, vol. 5(2), pages 574-579.
    17. Claudio Monteiro & Ignacio J. Ramirez-Rosado & L. Alfredo Fernandez-Jimenez, 2018. "Probabilistic Electricity Price Forecasting Models by Aggregation of Competitive Predictors," Energies, MDPI, vol. 11(5), pages 1-25, April.
    18. Alfredo Vi kovic & Vladimir Franki, 2015. "Coal Based Electricity Generation in South East Europe: A Case Study for Croatia," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 206-230.

    More about this item

    Keywords

    Renewable Energy Certifi cate; Trading; Power Exchanges; India; Renewable Purchase Obligation; Solar Renewable Energy Certifi cate; Non-Solar Renewable Energy Certifi cate;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2015-03-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.