Regulating the Race to Renewables

Regulating the Race to Renewables

Yojana, 15 May 2014

Regulators must focus on cost-effectiveness of public spending, through proper monitoring and evaluation and find ways to let the loser go. It is important to recognise the mistakes and withdraw state support to losing technologies before they become too costly. Moreover, considering the social obligations of a developing country and low affordability of Indian consumers, the regulators must make sure that high cost of renewable energy does not make electricity service unaffordable to the poor (both connected and unconnected).