Policies for promotion of renewable energy sources for restructured power sector

Abstract

Global electricity demand is expected to increase considerably during the next decade at the same time environmental pollution is also increasing with the development of conventional energy source. Every country intends to meet the additional demand of energy in part by renewable energy sources (RES). To meet the global energy demand various support schemes and policies for promotion of renewable energy sources in restructured power sector are discussed in this paper. These Support policies for renewable energies encourage the economic viability of electrical power generation from renewable energy sources. These policies reduce one or more key barriers in the development path of renewable energy. The paper takes a closer look at the regulatory policies for the promotion of electricity generation from renewable energy sources, which are currently at the center of global discussion.