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Abstract: Well designed Renewable Energy (RE) policies and their effective regulation is the key to promote RE generation in the world. Renewable Energy Certificate (REC) mechanism is a market-based policy instrument which facilitates Renewable (Energy) Purchase Obligations (RPOs) in order to increase RE generation in a country. The recently conceived and implemented REC mechanism in India attempts to involve various stakeholders in an economically efficient manner and has been effective in its first year of operation. The paper commences with the background and the genesis of REC mechanism in India. It characterises the REC trading mechanism and analyses the performance of the REC market for the FY 2011–12. Comparing the financial viability for sale of RE by project developers in certain key states, the paper shows that REC mechanism is more profitable than entering into a Power Purchase Agreement (PPA) for sale of RE at Preferential Tariff (Feed-in-Tariffs). Thus, the REC market which has attained a size of 2.3 billion INR in its first year of existence is forecasted to grow manifold in the future and the paper attempts to forecast the market size in near term. Further analysis of the REC market reveals that although there are inherent advantages of the REC mechanism over other methods of promoting growth of RE, the market is currently subject to various distortions and the paper suggests few steps for correcting these distortions by appropriate market re-design. The paper concludes that the REC market mechanism has gained momentum and can effectively promote RE generation in an economically efficient manner, with benefits to all stakeholders, provided it is strictly implemented and continuous corrections are given in the right direction by the market regulator. [Copyright &y& Elsevier]

Abstract: Most studies on household energy choices have considered income and education as suitable proxies for socio-cultural contexts, primarily because the available data on household energy is from census surveys which are mainly household consumption surveys, not focused energy surveys. Acknowledging the existing data constraints, a more focussed household energy survey was designed for rural India with the aim of better understanding determinants of current energy use patterns, energy choices, to measure the impacts of these factors, and importantly, arrive at key policy insights. This paper revisits the definition of access to include for reliability and quality going beyond conventional understanding. It also relooks at the role of gender in household energy choices. Having established that apart from income, socio-cultural factors may have a greater role in determining household energy choices, the model results indicate electricity access would have a positive impact on cooking energy choices only after meeting a minimum threshold requirement. As women move towards more formal employment, the odds of choosing cleaner fuels increase significantly. Thus, while macro-policies may provide important guidelines and the necessary framework, implementation strategies need to be designed at the local level through a participatory approach making energy an integral part of the development paradigm. [Copyright &y& Elsevier]

Abstract: Energy policy has to have a long-term perspective. To formulate it one needs to know the contours of energy requirements and options. Different approaches have been followed in literature, each with their own problems. A top down econometric approach provides little guidance on policies, while a bottom up approval requires too much knowledge and too many assumptions. Using top-down econometric approach for aggregate overall benchmarking and a detailed activity analysis model, Integrated Energy System Model, for a few large sectors, provides a unique combination for easing the difficulties of policy formulation. The model is described in this paper. Eleven alternate scenarios are built, designed to map out extreme points of feasible options. Results show that even after employing all domestic energy resource to their full potential, there will be a continued rise of fossil fuel use, continued importance of coal, and continued rise of import dependence. Energy efficiency emerges as a major option with a potential to reduce energy requirement by as much as 17%. Scenario results point towards pushing for development of alternative sources. [Copyright &y& Elsevier]