Prior to 1992, a single part tariff based on cost plus on actual basis was in place in India’s power sector according to schedule 6 of Electricity supply act 1948. Single part tariff, though outdated due to several issues, is being reconsidered by some of the regulatory bodies to bring in transparency to the system along with making it more accessible to customer.
Propelled by the 2016 Paris Agreement there is global impetus towards clean renewable energy. The need now is to invest in ‘paradigm shifting technology’ to fuel clean development,and with the help of think tank reports and energy expert analysis we have clearer understanding of what the harbingers of this endeavour are: biomass, geothermal, wind power, solar, ocean energy, biofuel, and hydro*.
Regardless of where you live and how old you are, chances are you have been hearing a lot about sustainable and green living in the last couple of years. Both of these have come a long way from being marginal avant-garde concepts to becoming one of the most influential disciplines in modern science and societies. And even though these terms get mentioned quite a lot, not everyone knows what exactly they stand for, and even more important - how to achieve them.