The government has transformed the power sector from power-deficient to power-sufficient by adding 1,94,394 MW of generation capacity in the past 9 years. Energy requirement has increased by 8.6% to 11,02,887 MU during the current year 2023-24 from 10,15,908 MU during same period previous year. Consider some of the major developments:
The Prime Minister launched the Unnat Jyoti by Affordable LED for All (UJALA) programme. Under UJALA scheme, LED bulbs, LED Tube lights and Energy efficient fans are being sold to the domestic consumers for replacement of conventional and inefficient variants. Till date, over 36.86 crore LED bulbs, 72.18 lakh LED Tube lights and 23.59 lakh Energy efficient fans (including over 55,000 BLDC fans) have been distributed by EESL across India. This has resulted in estimated energy savings of 48.39 billion kWh per year with avoided peak demand of 9,788 MW, GHG emission reduction of 39.30 million ton CO2 per year and estimated annual monetary savings of Rs. 19,332 crore in consumer electricity bills.
The Street Lighting National Programme (SLNP) to replace conventional street lights with smart and energy efficient LED street lights across India. Till date, EESL has installed over 1.30 crore LED Street Lights in ULBs and Gram Panchayats across India. This has resulted in estimated energy savings of 8.75 billion kWh per year with avoided peak demand of 1,459 MW, GHG emission reduction of 6.03 million ton CO2 per year and estimated annual monetary savings of Rs. 6,128 crore in electricity bills of municipalities.
With the amendment in the Electricity Rules, 2005 notified on 26.07.2023, the Government has put in place additional measures to improve financial health of Discoms with streamlining the process of accounting, reporting, billing and payment of subsidy by States to the Distribution Companies.
The Ministry of Power promulgated the Electricity (Right of Consumers) Rules 2020 with the conviction that the power systems exist to serve the consumers and the consumers have rights to get the reliable services and quality electricity. These Rules lay down the time limits and standards or the various services to be provided by the Distribution Companies across the country or otherwise they will have to pay compensation to their consumers. The amendments to the Electricity (Rights of Consumers) Rules, 2020 on 14.06.2023, brought an important change to facilitate more and more consumption of power from renewable sources – Green Energy Open Access.
The Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 give relief to the DISCOMs, as well as electricity consumers and at the same time, Generating companies are also getting the benefit from assured monthly payments, which will help the whole power sector to become financially viable. It has created a win-win situation to both Discoms and Gencos.