Abstract

This paper reports the energy managementsystems in India, describing the command-and-control,market-based, and voluntary approaches. Energy-relatedcommand-and-control regulations focus majorly on theelectricity sector. Renewable Energy Certificate is amarket-based instrument for promoting renewable sources ofenergy and facilitating Renewable Purchase Obligation. Ananalysis of the accredited and registered projects under thescheme has been presented. The Perform-Achieve-Trade schemetargets eight sectors to promote energy-efficient technology andissues an energy saving certificate for every metric ton of oilequivalent of energy saved, which can be traded on specialtrading platforms. About 45% of the designated consumers havemet their targets for 2014 - 15 while another 12.5% are on theverge of it. The voluntary regulations offer flexibility and areengaged with a broader community. They include diversesectors such as households, Small and Medium Enterprises, andagriculture. The different energy regulation mechanisms havesignificantly contributed to energy-efficient technology,renewable energy, and a restructured electricity sector. Theregulations employing different approaches have helpedminimize the emissions of the energy sector, therebycontributing towards climate change mitigation.