Give clean energy its fair market value. by karl

@ Karl. Good start! I just wanted to share one of my observation. when clean energy will provided on fair market value. What will happen to fossil fuel based conventional energy sources ? I want to say that fossil fuel will become more cheap, and it will first choice to buy. If we dealing with utility functions, this is how it will work. However, if we change the people preference through some mechanism few of them may be substitution or developing sustainability milieu, it can be game changer. What do you think ? Overall, I will say you are doing great work. Keep it up! I am really excited to see your proposal in full shape! Best, Mohazzam

Hi Karl, The concept of giving grid parity to renewable energy is one of the topmost priority for Government of India and I am sure is the same for all the government world over. Solar energy is reaching to stage that it may attain grid parity in near future. But this will come only when investment climate for renewable energy is given boost by the government. You can include aspects of reduction of taxes, incentives and better tariff for these technologies. Please bring these elements in your proposal. Also look for all viable options of renewable energy to do this analysis.

We think the impact of this idea could be very large. It would lead to greater compensation of clean energy resources, which would lead to significantly more deployment. However, the judges had some concerns that prevent us from advancing this proposal as a semi-finalist. First, the proposal lacks clarity on what the role of government and utilities would be in the proposal. It would benefit from more research into the structure of power markets and the governance structures that inform the integration of distributed sources of power. Second, the structure of paying retail rates is already the standard practice in much of the country through net metering policies. Paying the avoided cost (which is lower than retail, and I don't think is what this proposal is about) is already required under the Public Utilities Regulatory Policy Act (PURPA). Retail rates are regulated by states, and not the federal government, so there are significant jurisdictional challenges to making this happen. In the end, we want to commend you for suggesting a proposal with the instinct in the right place, but felt that it was too far away from a workable proposal to advance as a semi-finalist.