Energy Transitions Commission
The ETC India initiative would be structured around five objectives:
- The convening of a unique, diverse, high-level group of stakeholders from incumbent utilities, renewable power producers, the financial sector, policy makers and regulators, and disruptive new entrants to the electricity sector (The High-Level Steering Committee).
- The conduct of policy relevant research, taking into account the inputs, priorities and expertise of the above-mentioned committee.
- Through these two approaches, the ETC India aims to test the hypothesis that India can meet rapidly rising electricity demand over the next 15 years with increasing share of renewables, limited coal-based generation investments, and high standards for affordability, grid security and minimal disruption to the sector.
- Identify key actions, policies and finance requirements to make this feasible along the milestones of 2022, 2027, and 2030.
- The ultimate objective of the ETC India is to change the public discourse in terms of creating a broad agreement among the assembled stakeholders around -
- Possibility of all new capacity additions beyond 2027 in the form of firm renewables (renewables + flexibility) purely on economic considerations
- 2022, 2027 and 2030 are milestone years for setting and achieving goals
- Convergence on regulatory and financial goals to be achieved by 2022, 2027 and 2030