Indian regulators and government

    Ministry of Power

    The central ministry for electricity policy, energy conservation law and the carbon market's legal basis.

    Official site

    Background

    The Ministry of Power sets national policy for electricity generation, transmission and distribution, and oversees BEE and Grid-India.

    Scope and powers

    It administers the Energy Conservation Act, amended in 2022, under which the CCTS was notified in June 2023. It set the renewable consumption obligation that rises to 43.33% by FY 2029-30, and announced ₹5,400 crore of viability gap funding for 30 GWh of battery storage in June 2025.

    Investor relevance

    Its policies shape demand for renewable power, storage economics and carbon costs for industry. Changes to obligations or support schemes move valuations in power, renewables and heavy industry.

    Related guides

    Key glossary terms

    Last reviewed: October 2026