Fresh Bidding Is Sensible
Things seem to be in a state of flux, and it would make sense to opt for fresh bidding. Looking ahead, the auction needs to reflect current state of affairs and future prices in the offing. Also, we need to differentiate supply-side policy from the demand side in renewable power. While upfront supply-side subventions can be phased out, given falling costs of hardware, we do need to encourage and step-up demand for renewables with dedicated line capacity and the like. It would be for the greater good.