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.

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