The Effect of Energy Sector Reforms on the Promotion of Renewable Electricity and Social Welfare in India

Sangeeta V. Sharma, Han Phoumin and Vinod K. Sharma

Chapter 4 in Electricity Market Reforms in the ASEAN, China, India, and Japan, 2023, pp 91-115 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter is based on research assessing the effect of policy and market-based reforms on the electricity sector in India. Per capita electricity consumption in India is still less than half of the world’s average, but it is likely to increase due to rapid economic growth and increased levels of personal income. The research analyses the data on electricity consumption in the household sector and its dependence on income, electricity prices, rural electrification, urbanisation, and share of renewables. It was found that an increase in income enhanced household electricity consumption; urbanisation and rural electrification did not significantly affect it. Unstable supply and high cost of electricity, particularly among rural households, are still responsible for low per capita consumption of electricity in rural India. The National Energy Policy of India proposes several reforms, including energy pricing reforms; provision of affordable and ‘round the clock’ electricity for all; and increased contribution of renewable energy in India’s energy basket. These reforms may open up the energy markets and accelerate the production and consumption of electricity from renewables, which, in turn, will translate into several social, economic, and environmental benefits, including reduction in greenhouse gas emissions and overall social welfare in India.

Keywords: Electricity Market Reform; Market Liberalisation; Tariff Reform; Electricity Trade; Renewable Energy; Resource Allocation; Sustainability; Electricity Market; ASEAN; Southeast Asia; Japan; India; China; Renewable Energy; Energy Transition; Sustainable Electricity Market; Liberalised Electricity Markets; Efficiency; Emission Reduction; Carbon Reduction; Clean Energy; Green Energy; Electricity Tariffs (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q4 Q41 Q42 Q43 Q48 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811270581_0004 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811270581_0004 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811270581_0004

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().