Energy Security — Policy Reforms

Entry	Year	Description	Impact
Electricity (Amendment) Bill, 2022 (Proposed)	2022	Aims to amend the Electricity Act, 2003, to facilitate competition in the retail supply of electricity by enabling multiple distribution licensees in the same area. It also proposes to strengthen regulatory mechanisms, ensure timely payment to generators, and promote renewable energy.	If enacted, it could significantly reform the power distribution sector, potentially leading to greater consumer choice, improved service delivery, and enhanced financial health of discoms. It also strengthens the mandate for renewable purchase obligations (RPOs) and introduces penalties for non-compliance, accelerating the energy transition.
Energy Conservation (Amendment) Bill, 2022	2022	Amended the Energy Conservation Act, 2001, to empower the central government to specify a carbon credit trading scheme, mandate the use of non-fossil sources of energy, and expand the scope of energy conservation to include residential buildings and vehicles.	This amendment is crucial for India's climate goals. It introduces a carbon market, provides a legal framework for green hydrogen and other non-fossil fuels, and expands the ambit of energy efficiency, thereby accelerating decarbonization efforts across various sectors and strengthening India's commitment to net-zero emissions.