Study of Energy Regulations in India

Abstract

This paper reports the energy management systems in India, describing the command-and-control, market-based, and voluntary approaches. Energy-related command-and-control regulations focus majorly on the electricity sector. Renewable Energy Certificate is a market-based instrument for promoting renewable sources of energy and facilitating Renewable Purchase Obligation. An analysis of the accredited and registered projects under the scheme has been presented. The Perform-Achieve-Trade scheme targets eight sectors to promote energy-efficient technology and issues an energy saving certificate for every metric ton of oil equivalent of energy saved, which can be traded on special trading platforms. About 45\% of the designated consumers have met their targets for 2014 15 while another 12.5\% are on the verge of it. The voluntary regulations offer flexibility and are engaged with a broader community. They include diverse sectors such as households, Small and Medium Enterprises, and agriculture. The different energy regulation mechanisms have significantly contributed to energy-efficient technology, renewable energy, and a restructured electricity sector. The regulations employing different approaches have helped minimize the emissions of the energy sector, thereby contributing towards climate change mitigation.