India is fashioning rules that will make it easier for companies to switch entirely to renewable power — a key step toward decarbonizing the nation’s fossil fuel-dominated economy.
The new regulations will allow companies to purchase renewable electricity from state distributors at weighted average prices, called "green tariffs,” Power Minister Raj Kumar Singh said at the virtual BloombergNEF summit on Tuesday. Currently, most distributors don’t give customers a choice over the source of their electricity.
Hurdles for businesses seeking to buy clean power directly from generators will also be eased, including cutting down the waiting period for companies to get access to the distribution network, he said.