India<\/a> has set a per capital electricity consumption target of 2,000 kilowatt per hour (kWh) by 2030 and over 4,000 kWh by 2047, signaling higher long-term power demand, based on a draft policy published by the Ministry of Power.<\/p>\nThe draft, issued in 2026 and available for public consultation, proposes tariff and distribution reforms to address financial weaknesses in the power sector, according to a press release.\u00a0<\/p>\n
It proposes automatic annual tariff revisions through suitable indices and greater recovery of fixed costs through demand charges to reduce cross-subsidisation.<\/p>\n
The ministry noted high accumulated losses, debt and non\u2013cost-reflective tariffs in distribution and set financial viability as a goal.<\/p>\n
The draft is intended to replace the National Electricity Policy that came into effect in 2005.<\/p>\n
It also aligns with India\u2019s climate commitments, including reducing emissions intensity by 45% from 2005 levels by 2030 and achieving net-zero emissions by 2070.<\/p>\n
The draft also proposed exemptions from cross-subsidy and surcharges for manufacturing, railways and metro railways to lower electricity costs and improve industrial competitiveness.\u00a0<\/p>\n
It also proposed allowing regulators to exempt distribution licensees from universal service obligations for consumers with contracted loads of one megawatt and above, according to the ministry.<\/p>\n","protected":false},"excerpt":{"rendered":"Tariff reform and cost competitiveness drive proposed overhaul India has set a per capital electricity consumption target of…\n","protected":false},"author":2,"featured_media":248418,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":{"0":"post-248417","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/248417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=248417"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/248417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/248418"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=248417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=248417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=248417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}