In partnership with NITI Aayog, International Energy Agency (IEA) released the first in-depth review of India’s energy policies. The report highlights the achievements of India’s energy policies and provides recommendations to support the government’s goals of promoting well-functioning energy markets and boosting deployment of renewables. India is becoming increasingly influential in global energy trends. The country’s demand for energy is set to double by 2040, and its electricity demand may triple, according to the IEA report. Indian oil consumption is expected to grow faster than that of any other major economy. This makes further improving energy security a key priority for India’s economy, says the IEA.

India’s electricity grid operators will have to install firewalls and other measures used by companies to avert an attack on their information technology systems and check rising hacking incidents of power networks across the world. Grid operators and regulatory agencies will need to have a continuity plan handy in the event of a cyber-attack, according to draft rules published by the Central Electricity Regulatory Commission. The move is part of a overhaul of the decade-old guidelines.

State-owned Energy Efficiency Services Limited has announced the completion of installation of 10 lakh smart meters across India under the centre's Smart Meter National Programme. India needs to establish a manufacturing base of smart electricity meters to ensure adequate supply and should ensure that there are multiple players in the segment, Parliamentary Standing Committee on Energy. There is a need to augment the manufacturing base of the smart meters to ensure supply of adequate number of meters to be installed all over the country.

Connected consumer device market in India is expected to record a 11% growth by selling devices worth Rs 3,24,960 lakh crore in 2020, as per a forecast by research firm TechArc. “Users in India are moving beyond smartphone connectivity and moving to other connected solutions which apart from making them ‘smart’ substantially increase the utility of such devices,” said Founder & Chief Analyst techARC, while releasing the 1st edition of ‘India Connected Consumer Report.

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