Market Transformation in Energy Efficiency
Energy efficiency institutional practices and programs in India are now mainly guided through various voluntary and mandatory provisions of the Energy Conservation Act.
The EC Act was amended in 2010 and the main amendments of the Act allowed the Government to issue energy savings certificate to Designated Consumers whose energy consumption is less than the prescribed norms and creation of a trading platform for energy efficiency certificates so that industries who did not comply with the norms could purchase them.
Several new initiates such as Super Energy Efficient Program and Smart Grid initiated by the Ministry of Power are expected to not only accelerate energy efficiency but also make the energy sector economically as well as environmentally sustainable. The study captures these and other transformational moves initiated in this regard.