DR. GEETA SIDHARTH
Associate Professor,
Dept. of Commerce,
Gargi College, University of Delhi, (India)
Abstract:
Renewable energy is a growing market all over the world. Solar RE is the only source of RE that may be generated at micro economic level by the households. Renewable Energy Certificates (RECs) are the market instrument that permits the exchange of power as a commodity between the institutional stakeholders in the energy market. India is blessed with the enormous opportunity to harness the energy of sun for power generation; still its power market is inefficient due to many reasons. Households may have the key to remove these inefficiencies by increasing the consumption of solar energy and trading in RECs with excess energy units. Unfortunately, households’ role in the energy
market is largely ignored in power exchanges where the dealings are restricted only to the institutional players. This paper explores the possible savings by including households in solar RE generation, and suggests theoretical frameworks, infrastructures, and market for optimum functioning of the solar RE market.
Keywords: Solar Energy, Renewable Energy Certificates, Households, Power Exchanges
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