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Indian public willing to pay more for renewable energy

Majority of survey respondents (90 percent) argued government should support renewable energy. A significant share (82 percent) of survey respondents overwhelmingly supports renewable energy projects…..

Indians Ready to Pay More for Electricity from Renewable Energy Sources: Mercom Survey, Technology World,  Rajani Baburajan  24 Sept 11 A recent survey conducted by Mercom Capital Group on renewable energy awareness in India finds that only 56 percent of Indian consumers have heard of ‘renewable energy’ or ‘clean energy.’ Further only 27 percent of customers have heard of ‘energy efficiency.’

Despite the low awareness, 71 percent of Indian consumers said they are willing to pay higher rates for electricity from renewable energy sources, according to the ‘India Renewable Energy Awareness Survey’ conducted on more than 500 commercial, residential and rural consumers in India…..

With policies like ‘Jawaharlal Nehru National Solar Mission’ being implemented and renewable energy gaining importance as a future energy source in India, understanding the perceptions of consumers about renewable energy is a vital factor for these policies to succeed, the survey said.

“Policies are implemented from the top down without any input or buy-in from consumers,” said Raj Prabhu of Mercom Capital Group, in a statement. “There seems to be a general lack of education and awareness among consumers on these issues. How do you expect consumers to support and adopt renewable energy if they don’t understand what it is?”

“Energy efficiency tends to cost a fraction compared to new supply but unless consumers are educated about these programs the adoption will be slow and ineffective,” Prabhu added.

According to Mercom survey, the most significant benefits of renewable energy include ‘good for environment’ (81 percent), ‘no power cuts’ (54 percent), and ‘lower energy bills’ (47 percent).

Among the various renewable energy sources, solar energy was the most identified form of renewable energy with 92 percent of the consumers having heard of it. However, only 49 percent of consumers had heard of wind energy.

Majority of survey respondents (90 percent) argued government should support renewable energy. A significant share (82 percent) of survey respondents overwhelmingly supports renewable energy projects…..

Majority of the states in India are deploying PV power plants and with the implementation of the National Solar Mission. The research expects that the annual PV installed capacity will grow at a CAGR of around 44 percent during 2010-2013 to reach 900 MW by 2013 end…..

http://green.tmcnet.com/channels/renewable-energy/articles/221702-indians-ready-pay-more-electricity-from-renewable-energy.htm

September 26, 2011 - Posted by | India, renewable

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