Smart metering Current Affairs - 2020

Global Energy Transition Index: India ranks 74th

On May 13, 2020, the World Economic Forum released Global Energy Transition Index (GET Index). India has moved up to 74th rank showing improvements in key parameters such as energy security, growth and environmental sustainability.

About the index

The World Economic Forum has ranked 115 countries based on GET Index in its report “WEF Fostering Effective Energy Transition 2020 report”. The index has been framed based on the current performance of the energy systems of the countries, environmental sustainability, energy security and also based on indicators such as readiness for transition to sustainable, secure, affordable and inclusive energy systems.

According to the report, 75% of the countries have improved their environmental sustainability.

Highlights: World

Sweden has topped the ranking for the third consecutive year. It was followed by Switzerland and Finland. Only France (on the 8th position) and UK (on the 7th position) were the only G20 countries under top 10.

According to the ranking, India and China were the emerging centres of demand in the world.

The United States stood at 32nd rank, Canada at 28th, Brazil at 47th and Australia at 36th rank. For the first time, the US ranked outside top 25%.

Highlights: India

The report says that India has made significant improvements by expanding its energy programme. This has been achieved by making bulk procurement of LED bulbs and smart meters and also by launching programmes for labelling of appliances.

Also, India is one of the few counties that has made consistent progress since 2015 according to the report. The report also says that only 11 countries have made significant progress since 2015.

EEESL of GoI completes one successful year in making India Energy Efficient

The EESL (Energy Efficiency Services Limited) recently celebrated its 10 years of successful operation. The Company adopted the policy of making India Energy Efficiency a year back. It has successfully completed its one year of energy efficiency policy.

Highlights

In the last one year, the company has installed more than 10 lakh smart meters all over India under the Smart Meter National Programme. The company has replaced more than 10.6 million street light bulbs with LED lights. This helped to reduce 20 million tonnes of Carbon-Dioxide. Low cost LED bulbs were distributed through Unnat Jyoti Programme (UJALA). Today, UJALA is the largest domestic lighting project in the world.

About EESL

EESL is the largest energy service company in the world. Apart from Indian projects, the company has also taken up transformation in foreign countries such as UK, south Asia, Middle East and South-East Asia.

Way Forward

In the future, the company is to commission 100 MW of decentralized solar power plants.