India Energy Subsidy Briefing January 2018
The India Energy Subsidy Briefing covers issues related to energy subsidies. January's edition included the Draft National Energy Policy, crude oil prices, inclusions in the new unified tax mechanism, and the competition driving the prices of solar and wind energy.
As part of its work on energy policy and sustainable development in India, the Global Subsidies Initiative publishes a regular briefing on issues related to energy subsidies.
Below are highlights from the January 2018 edition:
- Draft National Energy Policy proposes alignment of domestic energy prices with international rates
- Rise in crude oil prices will increase the subsidy burden to the exchequer
- The government will discontinue an increase in monthly subsidized domestic liquefied petroleum gas prices
- Electricity, natural gas and petroleum products may be included in the new unified tax mechanism, the Goods and Services Tax
- States will be legally obliged to provide 24x7 power for all by March 2019 and provide electricity subsidies only through direct benefit transfer
- Competition is driving the prices of solar and wind energy in India
For any additional or more detailed information, please do not hesitate to contact Christopher Beaton or Vibhuti Garg.
Participating experts
You might also be interested in
India’s State Energy Firms can Boost Energy Security by Progressively Shifting Over INR 2 Trillion Per Year From Fossil Fuels to Clean Energy
New research finds India’s nine state-owned energy companies could progressively redirect a significant share of their over INR 2 trillion annual capital expenditure toward clean and reliable energy, strengthening energy security while accelerating the low-carbon transition.
Scaling Up India’s Clean Energy can Protect its Economy—and its People—From Global Fuel Shocks
New analysis shows that rising levels of broad-based fossil fuel subsidies are limiting the fiscal space for governments to scale clean energy—precisely the solution India needs to decouple its energy system from volatile fossil fuel imports.
India's EV and battery manufacturing future depends on states playing to their strengths
India can become a global electric vehicle (EV) and battery manufacturing hub—but it depends on getting state policy design right.
States in the Driver’s Seat
The report examines the subnational policy landscape for electric vehicle and battery manufacturing across 14 major automotive states in India.