The report is based on the key recommendations that emerged out of the deliberations at National Conclave on India's Energy Security: Major Challenges held in New Delhi on 14-15 February 2006. The recommendations emerging out of the Conclave have been compiled in this Report for consideration by the Government
The report is based on the key recommendations that emerged out of the deliberations at National Conclave on India’s Energy Security: Major Challenges held in New Delhi on 14-15 February 2006. The recommendations emerging out of the Conclave have been compiled in this Report for consideration by the Government.
In a democracy there are bound to be differences between the private sector and the public sector, between the producers and the consumers. ORF’s special strength is its ability to contribute towards building a consensus from diverse views. This Report is one such initiative.
The key message in this report is to provide a greater role for the market by reforming the Energy Sector towards greater openness, to restructure the industry to accommodate more players from the private sector in order to increase competition and improve efficiency and finally to regulate sectors that have monopolistic tendencies to contain excessive rent seeking behaviour.
An integrated package of initiatives cutting across the various sectors, i.e. hydrocarbon sector, coal sector, power sector and renewables is necessary for reforming, restructuring and regulating energy sector. Following the oil price crisis in the 1970s ‘energy security’ was primarily about oil and the geo-politics of oil producing regions. Domestic reforms have however become an important component of ‘energy security’ since the Californian power crisis which had nothing to do with oil or geo-politics.
Consistent with this broad consumer centric definition of energy security which in line with the definition in the Draft report of the Planning Commission, this report endorses the recommendations that emerged from the deliberations at the conclave and urges the Government to address the issues of “Reforms”, “Restructuring” & “Regulation” to improve access to adequate amounts of safe, convenient and affordable energy services to all its citizens so that India can meet or even exceed plan target for GDP growth.
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