Energy Efficiency Measures Help India Save Extra Rs 35,495 Cr in a Year

Energy Efficiency Measures Help India Save Extra Rs 35,495 Cr in a Year

By adopting various energy efficiency measures, India witnessed approx. 66 percent higher savings to Rs 35,495 crore during 2018-19.

It was revealed by an expert agency PricewaterhouseCoopers (PwC Ltd) via its report – Impact of energy efficiency measures for the year 2018-19. The report was released by the Power Minister R.K. Singh through Video conference.

Impact of Energy Efficiency

According to the overall study, various energy efficiency measures have translated into savings worth Rs 89,122 crore (approx) in 2018-19, as against savings of Rs 53,627 crore during 2017-18.

Besides, such efforts have also contributed to reducing 151.74 million tonnes of CO2 (MTCO2) emissions, from last year’s 108 MTCO2.

PwC was engaged by Bureau of Energy Efficiency (BEE) for independent verification to assess the resultant annual savings in energy as well as CO2 emissions through various initiatives in India.

The motive behind the study was to evaluate the performance and impact of all the key energy efficiency programmes across the country, in terms of total energy saved and the related reduction in CO2 emissions. It also evaluated the resultant impact of current schemes at national as well as state-level for FY 2018-19 and compared it with a situation where the same were not implemented.

As per the report, in 2018-19, implementation of various energy efficiency schemes has led to an aggregate power saving of 113.16 BU, which is 9.39 percent of the net electricity consumption.

Moreover, the energy savings (i.e. electrical and thermal), achieved in the energy-consuming sectors, i.e. demand-side sectors, is equivalent to 16.54 Mtoe, which is 2.84 percent of the net total energy consumption of approx. 581.60 Mtoe during 2018-19.

On the future outlook, India’s energy-saving potential is estimated to be 86.9 Mtoe in case of a moderate implementation of energy efficiency (EE) programs and 129 Mtoe in case of an ambitious implementation of such programs by the year 2031, which stood at 15 percent reduction in energy demand as compared to BAU approach to energy savings.

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Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.