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Renewable Energy in India

Renewable Energy in India
Economics and Market Dynamics

  • Pramod Deo - Former Chairman, Central Electricity Regulatory Commission, India
  • Sushanta K. Chatterjee - Chief, Regulatory Affairs, the Central Electricity Regulatory Commission, India
  • Shrikant Modak - former Faculty, Institute of Rural Management and Indira Gandhi Institute of Development Research, India

July 2021 | 260 pages | SAGE India
The scope of renewable energy generation technologies has far exceeded that of a laboratory, as they now require large-scale commercial generation. With them relying heavily on policy support, contemporary debates in energy are grappling with how exactly renewable energy should be priced and integrated into market. This book, written from an economics perspective, critically examines the aspects of pricing, regulatory oversight and rules governing the market for electricity generation from intermittent renewable energy sources and associated green product. This book discusses various policy and regulatory initiatives for renewable power generation technologies in India by comparing them with similar measures in some leading countries of the world. It contextualizes the pricing of renewable energy and looks at market-determined renewable energy certificate (REC) mechanism. Finally, it seeks to advance scholarship on green energy and introspects on policy dilemma facing the renewable segment in India and explores the possibility of achieving a level playing field for renewable energy vis-à-vis traditional methods of power generation, through appropriate market mechanism.
Foreword by Kirit Parikh
Renewable in India: In the Context of Evolution of Power Sector
Structural Reforms in Power Sector: Implication for Renewable
Policies Supporting Renewable: Aid to Market Formation
Distributed Energy Resources: Business Models and Market Dynamics
Renewable Energy Pricing in India: What Is Missing?
Renewable Purchase Obligation: Does It Need a Revisit as Instrument for Market Creation?
Renewable Energy Certificate (REC): Has It Outlived Its Life as Market-based Mechanism?
Intermittent Renewable: How to Enable Participation in Market?
Market Design for Renewable Energy: Right Design, A Missing Link in India
Renewable Policy Introspection: Rethink and Move in the Right Direction

Pramod Deo

Pramod Deo, former Chairman of the Central Electricity Regulatory Commission (CERC), was electricity regulator for over 11 years both at the centre and Maharashtra state. Now he is active as an independent energy and environment adviser.Deo has 35 years of experience in the energy sector at policy, regulatory and project management domains at both domestic—state and central government—and international levels. He was senior energy economist with the UNEP Risoe Centre on Energy, Climate and Sustainable Development, Denmark.Deo is a recipient of the World Wind Energy Award 2005 from the World Wind Energy Association for his outstanding... More About Author

Sushanta K. Chatterjee

Sushanta K. Chatterjee is presently Chief (Regulatory Affairs) with the CERC. He has a long experience of dealing with power sector reforms, especially Regulatory Reforms, since its inception in 1998. He was actively involved in the formulation of the Electricity Act, 2003.Chatterjee has been a postdoctoral research fellow at the Harvard Kennedy School, USA. He has a PhD in Management and an MBA in Finance. He co-authored Electricity Sector in India: Policy and Regulation (Oxford University Press, 2012) and authored S. K. Chatterjee’s Commentary on the Electricity Laws of India (Delhi Law House, 2006). He has published papers on renewable... More About Author

Shrikant Modak

Shrikant Modak has been a senior financial journalist with 30 years of experience in senior editorial positions in the country’s leading financial newspaper and magazines. His early career was in academics, where he was on the faculty of the Institute of Rural Management, Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai University and Indira Gandhi Institute of Development Research. He has over 30 years of consulting experience in the field of energy economics and has written extensively on the subject in news media and academic journals.He has co-authored five books of which four have been in the field of energy economics.... More About Author

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ISBN: 9789353887810

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