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On 2 July 1998, recognizing the needs for reforms in the electricity sector nationwide, the Government of India moved forward to enact the Electricity Regulatory Commission Act of 1998, [1] which mandated the creation of the Central Electricity Regulation Commission with the charge of setting the tariff of centrally owned or controlled generation companies.
A minimum energy performance standard (MEPS) is a specification, containing a number of performance requirements for an energy-using device, that effectively limits the maximum amount of energy that may be consumed by a product in performing a specified task. An MEPS is usually made mandatory by a government's energy efficiency body.
The Ministry of New and Renewable Energy (MNRE) is a ministry of the Government of India, headed by current Union Cabinet Minister Pralhad Joshi, that is mainly responsible for research and development, intellectual property protection, and international cooperation, promotion, and coordination in renewable energy sources such as wind power, small hydro, biogas, Battery Energy Storage and ...
The Indian government announced an allocation of ₹ 10 billion (US$120 million) for the National Solar Mission and a clean-energy fund for the 2010–11 fiscal year, an increase of ₹ 3.8 billion (US$44 million) from the previous budget. The budget encouraged private solar companies by reducing the import duty on solar panels by five per cent.
As a rating system, EPCs are known to have reliability issues. Non-domestic EPCs are found to have a regression effect where low-rated properties are more likely to obtain higher ratings in the renewal, while high-rated ones tend to get lower ratings. This directly casts doubts on EPC-based policies like Minimum Energy Efficiency Standards. [14]
The Swiss Guide is free for download and explains how EPC works and what the do's and don'ts are. The public tender procedure is explained step-by-step and illustrated by useful infographics. The Guide also includes useful tools for the analysis and implementation of EPC projects, such as templates for contracts.
Indian solar power PV tariff has fallen to ₹ 2.44 (2.8¢ US) per kWh in May 2017 which is lower than any other type of power generation in India. [81] In the year 2020, the levelized tariff in US dollars for solar PV electricity has fallen to 1.35 cents/kWh.
REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company which finances and promotes power projects across India. It provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. [4]