Indian Carbon market notification

by admin

The Ministry of Power has issued a notification specifying the Carbon Credit Trading Scheme, 2023, under the Energy Conservation Act, 2001. The scheme aims to reduce greenhouse gas emissions in the Indian economy by pricing carbon credits. Key points from the notification include:

  1. Definitions: The notification provides definitions for terms such as carbon credit, carbon credit certificate, carbon credit trading scheme, greenhouse gases, and more.
  2. National Steering Committee: A committee called the National Steering Committee for Indian Carbon Market will be constituted to oversee the Indian carbon market’s governance and functioning. The committee will consist of various government officials, experts, and representatives from relevant ministries.
  3. Functions of the National Steering Committee: The committee will recommend procedures, rules, and guidelines for the Indian carbon market, formulate greenhouse gas emission targets, and monitor the market’s functions.
  4. Bureau as Administrator: The Bureau of Energy Efficiency will act as the administrator for the Indian carbon market. Its functions include identifying sectors for emissions reduction, issuing carbon credit certificates, developing market stability mechanisms, and accrediting verification agencies.
  5. Registry: The Grid Controller of India Limited will serve as the registry for the Indian carbon market. It will maintain a secure database, record transactions, and establish linkages with other registries.
  6. Commission as Regulator: The Central Electricity Regulatory Commission will regulate trading activities in the Indian carbon market, ensuring market oversight and preventing fraud.
  7. Compliance Mechanism: Obligated entities, determined by the Ministry of Power, will be required to achieve greenhouse gas emission intensity targets. They will receive carbon credit certificates for exceeding the targets and can purchase additional certificates from the Indian carbon market to meet shortfalls.
  8. Detailed Procedure: The National Steering Committee and other authorities will develop a detailed procedure for operationalizing the Indian carbon market, covering issuance, validity, pricing, submissions, monitoring, and verification of carbon credit certificates.

The notification grants the Bureau the power to issue directions and orders to registered entities for the effective implementation of the scheme.

Energy Conservation Amendment Bill-Passed in Parliament

by admin

Energy consumption amendment bill parliament main august 2022 main pass ho gaya hai fossil fuel based energy consumption aur carbon emission kam karne ke liye.Ye bill central government ko empower karta hai energy consumption norms and standard specify karne ke liye aur designated consumers ko badhya karta hai energy consumption ka minimum share non fossil fuels ke dwara poora karne ko.

Ye act ek legal frame work provide karta hai carbon market ke liye ,jiske dwara emission reduction ko badhawa milta hai aur companies , jyada se jyada investment karte hain energy efficiency aur clean energy projects main.

Isko achieve karne ke liye in points ko propose kiya gaya hai-

1)Bade residential buildings ko energy conservation building code main laya gaya hai definite area ke terms main.State government ko empower kiya gaya hai minimum load thresholds ko reduce karne ke liye.

2)Carbon market aur carbon credit trading scheme ko implement kiya gaya.

3)Commercial consumers ko energy ke liye definite quantity main non fossil fuel use karna hai jaise green hydrogen , green ammonia , biomass ,ethanol , feedstock etc.

4)Bureau of energy efficiency ke governing council main members badhaye gaye hain.

5)Energy consumption standards vehicles aur vessels ke liye bhi banaya gaya hai.

6)State electricity regulatory commission ko empower kiya gaya hai apne functions lo smoothly carry karne ke liye.

Energy Conservation Amendment Bill 2022 -Proposed Key Changes in Principal Act

by admin

Energy Consumption Amendment Bill was introduced in parliament on dated 29th July, 2022 to further amend the Energy Conservation Act, 2001

1. The Energy Conservation Act, 2001 was enacted to for efficient use of energy and its conservation.Under this Act Bureau of energy efficiency was established and this act provides certain  powers to  the Central Government, the State Government and the Bureau of Energy Efficiency to enforce measures for efficient use of energy and its conservation.

2. The Energy Conservation Act, 2001 was amended in the year 2010  to address various new factors which emerged with the development of the energy market .

3. With the passage of time,for promotion of new and renewable energy and National Green Hydrogen Mission, this act was to be further amended to

(i) facilitate the achievement of “Panchamrit”— as five nectar elements presented by India in COP-26 (Conference of Parties -26) in Glasgow 2021;

(ii) promote renewable energy and development of domestic Carbon market ;

 (iii) introduce new concepts such as Carbon trading and mandate use of non-fossil sources for  faster decarbonization and help in achieving sustainable development goals in line with the Paris Agreement .

4. It was  felt necessary to have legal provisions to prescribe minimum consumption of non-fossil energy sources as energy or feed stock by the designated consumers.Similarly,it was necessary to  provide legal framework for a carbon market to facilitate  incentivizing actions for emission reduction and for  increased investments in clean energy and energy efficiency areas, by the private sectors.

5. Key points of The Energy Conservation (Amendment) Bill, 2022,are—

(a) mandate use of non-fossil sources, including Green Hydrogen, Green Ammonia, Biomass and Ethanol for energy and feed stock;

(b) establish Carbon Markets;

(c) bring large residential buildings within the fold of Energy Conservation;

(d) enhance the scope of Energy Conservation Building Code;

(e) amend penalty provisions;

(f) increase members of Bureau of Energy Efficiency;

(g) empower the State Electricity Regulatory Commissions to make regulations

for smooth discharge of its functions.

Electrical Distribution Company as new DC

by admin

Key Points for Electrical distribution Conpanies as DC

On dated 15.04.21 via notification no 18/1/BEE/DISCOM/2021 Bureau of Energy efficiency (BEE) has developed new regulations called Bureau of Energy Efficiency (Manner and Intervals for Conduct of Energy Audit (Accounting) in Electricity Distribution Companies) Regulations, 2021 . These new regulations shall be applicable to all electrical distribution companies notified as designated consumers and the regulations called Bureau of Energy Efficiency (Manner and intervals of Time for Conduct of Energy Audit) Regulations, 2010 shall not be applicable to the electrical distribution companies notified as designated consumers.

These regulations will be in consideration after the end of 45 days of publication of the notification in the official gazette.

The important points of the notification are as followers:-

  • Every electrical distribution company shall get its first energy audit(accounting) conducted by an accredited energy auditor within 4 months of coming into effect of these regulations.
  • The first energy audit (accounting) shall take into account the energy accounting of electrical distribution companies for the last 12 months from the date of coming into effect of these regulations.
  • Every electrical distribution company shall conduct an energy audit (accounting ) for every financial year.
  • Prerequisite of Energy Accounting:
  •    Identification, mapping of all network assets and LT ,HT consumers.
  • Implementation of automated software systems.
  • Installation and operation of metres at all network places.
  • Installation of centralised energy audit and accounting cell.
  • Identification of overload segments.
  • Reporting Requirements of Energy Accounting:
  • All feeder wise, circle wise division wise energy accounting reports to be submitted to BEE,State Designated Agency(SDA)and to be displayed at the company website.
  • Electricity distribution companies shall appoint a Nodal Officer for energy accounting reporting compliance and communicate the same to BEE.The nodal officer has to be full time employee of the electricity distribution company and should be rank of chief engineer and above.
  • Electrical distribution companies should ensure the reports are based on value from metres and not based on assumptions by DISCOM, also software to be used for monthly /quarterly/yearly energy accounting reports.
  • Electrical distribution companies should provide details of the IT system in place including protocols , safeguards etc and ensure no manual intervention in creating reports.
  • ·         The reports shall be uploaded on a designated National portal as notified by Ministry of Power or its nodal agency latest by 15thday every subsequent quarter.
  • Manner of Energy Audit (Accounting): 
  • Verification of the existing pattern of energy distribution.
  • Verification of energy flow between-Transmission line to-33 kV incoming/outgoing distribution feeders to -11kV incoming/outgoing feeders to-distribution transformers to -end consumers.
  • Accredited energy auditor to verify the data.
  • Energy cost and tariff data to be collected.
  •  A monitoring and verification protocol to quantify on an annual basis the impact of each  measure with respect to energy conservation and cost reduction for reporting to the Bureau and the concerned State designated agency.
  • Structure of  Energy Audit (Accounting) Report:
  • The energy audit (accounting) structure shall be jointly decided by the accredited energy auditor and electricity distribution company and the report shall be prepared in the format as described in annexure of the Gazatte.