Objectives of New Energy Policy

Objectives of New Energy Policy .The National Energy Policy (NEP) aims to chart the way forward to meet the Government’s bold announcements in the energy domain. The four key objectives of the new energy policy are access at affordable prices, improved energy security and independence, greater sustainability and economic growth. The policy is being discussed by NITI Aayog with different stake

holders. This was stated by Shri Piyush Goyal, Union Minister of State (IC) for the Ministry of Power, Coal, New and Renewable Energy and Mines, in a written reply to a question in Rajya Sabha today.

The Minister further stated in the reply that NEP builds on the achievements of the earlier omnibus energy policy – the Integrated Energy Policy (IEP), and sets the new agenda consistent with the redefined role of emerging developments in the energy world. There is a need to support the trends which usher in efficiency by a pro-active policy.

In view of the fact, that energy is handled by different Ministries that have the primary responsibility of setting their own sectoral agenda, an omnibus policy is required to achieve the goal of energy security through coordination between these sources. This is also expected to mainstream emerging energy technologies, and provide consumer energy choices, Shri Goyal added.

While steps have already been taken by the Government to embed many such developments in the sectoral energy policies, however, it is desirable to develop a clear roadmap so that there is clarity amongst all the stakeholders on the Government’s long-term energy agenda. Long term investors, both on supply and demand sides, need clarity on stable energy policy outlook.

Replying to a question on the difference between the old and new policies, the Minister informed that the new policy differs from the previous policy while including the issue related to sharp decline of crude oil prices, change in solar energy technology, heightened concern of climate change issues, ambitious target of Renewable energy and rural electrification agenda adopted by the Government.

Clearing a misconception about the aligning of domestic coal prices with the international prices, Shri Goyal informed that the proposed policy does not call for any such alignment. Further, the policy is being discussed by NITI Aayog with different stake-holders, he added.

The Minister further stated that all the Census villages are planned to be electrified by 2019, and universal electrification is to be achieved, with 24x7 electricity by 2022. Our INDCs target at reduction of emissions intensity by 33%-35% by 2030, achieving a 175 GW renewable energy capacity by 2022, and share of non-fossil fuel based installed capacity in the electricity mix is aimed at above 40% by 2030.