India Releases Draft National Electricity Policy 2026 Targeting Power Sector Transformation

The Indian government released the Draft National Electricity Policy (NEP) 2026 for public consultation, aiming to replace the 2005 policy and transform the power sector by 2047. Key targets include increasing per capita electricity consumption to 2,000 kWh by 2030 and over 4,000 kWh by 2047, aligning with climate goals of reducing emissions intensity by 45% by 2030 and achieving net-zero by 2070. The policy emphasizes financial viability of distribution companies through tariff reforms, promotes renewable energy expansion, nuclear capacity growth, and technology adoption, while addressing challenges like discom losses, cross-subsidization, and infrastructure modernization.