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Polity & Governance
Mahesh

07/08/22 22:11 PM IST

Electricity Amendment Bill

In News 
  • Power minister said that the government is ready with the Electricity (Amendment) Bill 2022 and will introduce the bill in the ongoing monsoon session of the parliament.
  • The Electricity (Amendment) Bill which was recently cleared by the union cabinet is likely to enable competition in retail power distribution.
  • Among other changes, the amendment to the Electricity Act would also allow state electricity regulatory commissions to take up timely revision of tariffs.
Major Amendments 
  • The Energy Conservation (Amendment) Bill, 2022, seeks to mandate use of non-fossil sources, including biomass and ethanol for energy and feedstock along with the use of green hydrogen and green ammonia.
  • Share of renewable Energy: Defining the minimum share of renewable energy to be consumed by industrial units or any establishment.
  • This consumption may be done directly from a renewable energy source or indirectly via the power grid.
  • Incentivising for Clean Energy: Incentivising efforts to use clean energy by issuing carbon saving certificates.
  • Considering additional incentives like carbon credits for the use of clean energy to lure the private sector to climate action.
  • Strengthening Related Institutions: Strengthening institutions set up originally under the Act, such as the Bureau of Energy Efficiency.
  • Promoting Green Hydrogen: Facilitating the promotion of Green Hydrogen as an alternative to the fossil fuels used by industries
  • Increases Ambit of Conservation Standards: Including larger residential buildings under energy conservation standards to promote sustainable habitats.
Source- PIB 

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