The scope of renewable energy generation technologies has far exceeded that of a laboratory, as they now require large-scale commercial generation. With them relying heavily on policy support, contemporary debates in energy are grappling with how exactly renewable energy should be priced and integrated into market. This book, written from an economics perspective, critically examines the aspects of pricing, regulatory oversight and rules governing the market for electricity generation from intermittent renewable energy sources and associated green product. This book discusses various policy and regulatory initiatives for renewable power generation technologies in India by comparing them with similar measures in some leading countries of the world. It contextualizes the pricing of renewable energy and looks at market-determined renewable energy certificate (REC) mechanism. Finally, it seeks to advance scholarship on green energy and introspects on policy dilemma facing the renewable segment in India and explores the possibility of achieving a level playing field for renewable energy vis-à-vis traditional methods of power generation, through appropriate market mechanism. Contents: Foreword by Kirit Parikh Preface Acknowledgements Renewable in India: In the Context of Evolution of Power Sector Structural Reforms in Power Sector: Implication for Renewable Policies Supporting Renewable: Aid to Market Formation Distributed Energy Resources: Business Models and Market Dynamics Renewable Energy Pricing in India: What Is Missing? Renewable Purchase Obligation: Does It Need a Revisit as Instrument for Market Creation? Renewable Energy Certificate (REC): Has It Outlived Its Life as Market-based Mechanism? Intermittent Renewable: How to Enable Participation in Market? Market Design for Renewable Energy: Right Design, A Missing Link in India Renewable Policy Introspection: Rethink and Move in the Right Direction Index