IIEC was awarded a project by UK Foreign & Commonwealth Office (UK-FCO) to Develop a Roadmap to Create State Clean Energy Funds (SCEFs) collected through a Public Benefits Charge (PBC) levied on electricity bills...the first of its kind in India. After an initial workshop with several State Energy Regulatory Commissioners, IIEC has made substantial progress in the establishment of a PBC and an SCEF, including:
- A design document consisting of key findings and conclusions was developed and submitted to Karnataka Electricity Regulatory Commission (KERC).
- Draft regulations and a discussion paper were developed that included legal sections of the Electricity Act applicable to set up such a fund, fund management and structure of the fund, the typology of the projects that would be funded by the SCEF.
- KERC is now in the process of submitting the above documents for public consultation.
The next steps in the project include developing a road map document for establishing the SCEF and to launch solicitations for public private partnership.
For further information, please contact Nitin Pandit -