India Energy Subsidy Briefing January 2018
The India Energy Subsidy Briefing covers issues related to energy subsidies. January's edition included the Draft National Energy Policy, crude oil prices, inclusions in the new unified tax mechanism, and the competition driving the prices of solar and wind energy.
As part of its work on energy policy and sustainable development in India, the Global Subsidies Initiative publishes a regular briefing on issues related to energy subsidies.
Below are highlights from the January 2018 edition:
- Draft National Energy Policy proposes alignment of domestic energy prices with international rates
- Rise in crude oil prices will increase the subsidy burden to the exchequer
- The government will discontinue an increase in monthly subsidized domestic liquefied petroleum gas prices
- Electricity, natural gas and petroleum products may be included in the new unified tax mechanism, the Goods and Services Tax
- States will be legally obliged to provide 24x7 power for all by March 2019 and provide electricity subsidies only through direct benefit transfer
- Competition is driving the prices of solar and wind energy in India
For any additional or more detailed information, please do not hesitate to contact Christopher Beaton or Vibhuti Garg.
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