Energy Technology — Tech Evolutions

Entry	Year	Description	Impact
Electricity (Amendment) Bill, 2022 (Proposed)	2022	Aims to amend the Electricity Act, 2003, to facilitate competition in the power sector, promote renewable energy, and ensure financial viability of DISCOMs. Key provisions include enabling multiple distribution licensees in the same area, strengthening regulatory commissions, and mandating RPOs for green hydrogen.	If enacted, it would significantly reform the power distribution sector, potentially leading to greater consumer choice and efficiency. The emphasis on RPOs for green hydrogen signals a major policy push for this emerging technology, impacting industrial decarbonization and energy security. It could accelerate India's energy transition but also faces concerns regarding privatization and consumer protection.
Energy Conservation (Amendment) Bill, 2022	2022	Amends 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 bring large residential buildings under the ambit of energy conservation. It also expands the scope of the Bureau of Energy Efficiency (BEE).	This amendment is crucial for India's climate commitments. The carbon credit trading scheme will create a market mechanism for decarbonization, incentivizing industries to reduce emissions. Mandating non-fossil energy use will accelerate the shift away from fossil fuels. Including residential buildings under energy conservation norms will significantly boost energy efficiency efforts in the building sector, contributing to overall energy demand reduction.