‘price of electricity from renewables will be same as from coal by 2025 … unfortunate that coal cess went to gst’ - battery power storage

Chief economic adviser (CEA)
Arvind Subramanian recently argued that cheaper coal should still be India's main source of energy as the cost of renewable energy is hidden, we should not let the claims of "carbon imperialism" stand in the way of realistic energy policy planning.
Director General of TERI, Ajay Mathur (
Institute of Energy and Resources)
The members of the prime minister's Climate Change Committee talked to Narin Mehta and sangjif Shankaran about the high cost of renewable energy and how India should balance its energy policy: how do you respond to CEA's argument that coal should be the backbone of India's energy needs?
There is no doubt that in the media --
In the long run, coal will continue to provide the bulk of the electricity we need.
It is important that the coal industry does not collapse.
Current past
Coal power generation capacity has resulted in many factories operating under low load factors. In the short-
In terms, we need to care through these plants so that we don't crash in the system.
Given the high cost of renewable energy and the urgency of climate change, how do we get the right policy mix?
It is generally believed that as we move towards the future, all new capacity increases should be based on renewable energy after a certain date.
We expect that the electricity price of renewable energy plus the storage cost will be the same as the electricity cost of coal, about 2025.
We expect this to be around Rs 5 per unit.
The question is what happens between now and 2025.
But today, according to the economic survey, it costs about RS 11 per kilowatt hour? Exactly.
If you separate it, it's about RS 3 per kilowatt hour for renewable power and Rs 8 per kilowatt hour for storage capacity.
In the next 10 years, if the price of the battery drops to 1-
Third, the cost of the battery will be lower than Rs 3.
Prices for renewable energy
By the medium term, the underlying energy itself will drop to a total price far below Rs 2 or below Rs 5 per unit2020s.
But, as the economic survey points out, is there no other hidden cost for renewable energy-such as land?
The biggest advantage of solar power stations is that they can transport coal without the need for rail side panels.
The question is whether there is a marginal cost or social cost higher than the financial cost. We don’t know.
But even in 2025, you can't determine the social costs of renewable energy?
A good example is wind energy, all of which comes from the private sector.
Most of these people bought the land and there was no acquisition problem.
Financial and social costs are balanced to some extent.
Even at this point, in Tamil Nadu, farmers are very smart about the land.
Cost is linked to kWh generated per hoursquare-meter of land.
We will see more innovative land allocation measures to ensure that the cost of funds is closer to the cost of society.
How do you respond to realistic policy-making views that require India not to buy carbon imperialism?
We must invest in futures that are meaningful to us.
So, we moved to big.
As renewable energy becomes the least renewablecost option.
Coal prices are also rising due to the social costs of air pollution and the need for stricter air quality standards.
This will add 75 paisa to Re 1 for each power equipment produced from the power plant today.
Average cost of Rs 3.
Electricity per unit eventually turns into 4 rupees. 25 to 4.
50 once additional air pollution control costs are put into use.
2003 is important to go back to the Electricity Act.
This represents a broad consensus in the United States that we need to drive the development of renewable energy, not just an economic issue.
Renewable power was 2% in 2003.
We are around 8% now.
The question is: is the cost of renewable energy higher than its benefits? The answer: No.
India has been taxing coal for the Clean Energy Fund since 2010, but the money has not been used for research and development (R&D)
Tax on goods and services.
Is this not an exception?
Coal enterprises will be used to promote the implementation and research and development of renewable energy.
Unfortunately, this success has been replaced by GST.
I would like to see it resurrected for renewable energy even in the short term
The term rescue needed by the coal industry.
We're basically talking about buying time.
It would be nice if the national clean energy fund was used for this.