Renewable Energy in India: Economics and Market Dynamics

Author:   Pramod Deo ,  Sushanta K Chatterjee ,  Shrikant Modak
Publisher:   SAGE Publications India Pvt Ltd
ISBN:  

9789353887810


Pages:   260
Publication Date:   30 July 2021
Format:   Hardback
Availability:   To order   Availability explained
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Renewable Energy in India: Economics and Market Dynamics


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Overview

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.

Full Product Details

Author:   Pramod Deo ,  Sushanta K Chatterjee ,  Shrikant Modak
Publisher:   SAGE Publications India Pvt Ltd
Imprint:   SAGE Publications India Pvt Ltd
Weight:   0.480kg
ISBN:  

9789353887810


ISBN 10:   935388781
Pages:   260
Publication Date:   30 July 2021
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Foreword by Kirit Parikh Preface Acknowledgements 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 Index

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Author Information

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 achievement in the dissemination of wind energy. Rich in academics with a postgraduate degree in Physics, PhD in Infrastructure Economics and postdoctoral research in Energy Policy and Economics, he has co-authored three books on energy planning, energy management and regulatory approach to green power. 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/REC (World Bank 2013 and NREL 2016). He completed research work as Principal Investigator on the topic ‘Meeting the Renewable Revolution: A Roadmap for Electricity Market Design in India’ at the International Growth Centre, London School of Economics, UK (2017). Chatterjee has recently been elected as the first President of the India Chapter of the International Association of Energy Economics. Chatterjee’s present academic and professional pursuits involve specialization in public policy and regulation with a focus on renewable and market design. He has been instrumental in the conceptualization of the CERC staff discussion papers on real-time market, day-ahead market design, ancillary services framework, grid integration of renewable and renewable energy certificate mechanism. He is/has been a member of various government committees. He is/has been a guest faculty for various academic, research and training institutions such as Power Management Institute (PMI), National Power Training Institute (NPTI), Indian Institute of Management Ahmedabad, Indian Institute of Technology Kanpur, University of Petroleum and Energy Studies (UPES), Indian Institute of Technology Roorkee, The Energy and Resources Institute, Massachusetts Institute of Technology (USA), London School of Economics (UK) and Florence School of Regulation. 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. He holds a master’s degree in Economics from the London School of Economics.

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