Energy certificates REC and PAT sustenance to energy model for India

An innovative energy model is explored for techno-economic feasibility evaluation, taking into consideration the geographical advantages, government policies, regional incentives and energy certificates. In India, two energy certification schemes have been started, namely, the Renewable Energy Certification (REC) mechanism, successfully implemented in India during 2011, and the Perform, Achieve and Trade (PAT) for the Enhanced Energy Efficiency Programme in 2012. This paper reviews the state of the art in designing an energy model at a specific location, with the consideration of solar, wind and ground sources for renewable energy and fossil fuel, to gain optimum performances in energy certificate scenario. The key design issues about boundary and target settings for REC and PAT energy certificates are discussed to review the financial performance of the schemes taking into considerations energy generators, designated consumers and traders in the market. Due to major impact of micro-medium and small industries (MSME) on Indian economy, this paper discusses the possibilities of inclusion of MSME in PAT scheme. One more addition in PAT scheme, with respect to large unit with marginal available fund for technology upgradation/financially sick unit, invites the creation of consolidated fund, which will support technology absorption and role of state Government policies for funding this mechanism. The energy model provides the estimation and prediction of hybrid power generation in regard to the parameters of resource potential, technology, efficiency and consumption pattern. The monitoring, statistical and prediction model with inbuilt mechanism for REC and PAT incentives is explored. (C) 2013 Elsevier Ltd. All rights reserved.