Energy efficiency measures saved Rs 89,000 crore in 2018-19: Report

News:The Ministry of Power and New & Renewable Energy has released a report on the “Impact of energy efficiency measures for the year 2018-19”.

Facts:

• The report was prepared by a third party agency PWC Ltd, who was engaged by the Bureau of Energy efficiency(BEE).
• Objective: To evaluate the performance and impact of all the key energy efficiency programmes in India, in terms of total energy saved and the related reduction in the CO2 emissions.
• It has identified key programmes as Perform, Achieve and Trade Scheme, Standards & Labelling Programme, UJALA Programme and Municipal Demand Side Management Programme.

Additional Facts:

• Perform Achieve and Trade Scheme (PAT):  It was launched by BEE to provide the option to trade any additional certified energy savings with other designated consumers to comply with the Specific Energy Consumption reduction targets.
• Standards and Labeling: The BEE initiated the Standards and Labeling programme for equipment and appliances in 2006. It provides consumer knowledge about the energy efficiency of appliances through a star rating. 
• Unnat Jyoti by Affordable LEDs for All (UJALA) scheme: It was launched in 2015 to promote efficient lighting and enhance awareness on using efficient equipment.It is implemented by Electricity Distribution Company and Energy Efficiency Services Limited(EESL).
• Municipal Demand Side Management Programme:It was initiated by BEE during the Eleventh five year plan(2007-2012) to improve overall energy efficiency of the Urban Local Bodies(ULBs) which could lead to substantial savings in the electricity consumption, thereby resulting in cost reduction/savings for the ULBs.