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• Falling prices of renewable energy technologies♦ Wind generation has already achieved grid parity;♦ Cost of solar power generation has reduced considerably and is on the verge ofgrid parity;♦ Cost of solar power is expected to fall by 40 percent in the next 4-5 years;♦ Renewable technology-based generation can be at the point of use and hence,no transmission & distribution losses and costs; and♦ Cost of delivered power of using renewable sources may be less than that withfossil fuel-based power in the next decade.The road ahead• Need to develop low-cost and clean FFT;• R&D cost targets for CCTs shall have to be revised in view of falling renewableprices;• As a gas network is required for non-power use also, gas-based generation shouldbe used in distributed framework preferably with CHP, resulting in better cost competitivenessand efficiency;• Gas in distributed framework can complement renewable generation solving theintermittency challenge of renewable generation; and• Gradual and planned weaning from fossil fuel-based generation to renewablesbasedgeneration.108