Why REC was introduced?
To address the mismatch between availability of RE resources in state and the requirement of obligated entities to meet RPO, a market based instrument called Renewable energy certificate (REC) was introduced to promote renewable energy and facilitate compliance of Renewable purchase obligation. One REC is equivalent to 1MWh. RECs are further categorized as Solar and Non Solar RECs. Solar RECs are issued to eligible entities who generates electricity based on Solar as RE sources and Non Solar RECs are issued to eligible entities who generates electricity based on RE sources other than Non-Solar.
Click here for REC Summary