The four components of an electricity bill and the factors that influence them are as follows: Power procurement costs: The cost to generate power is driven by the overall mix of generation, the cost of fuel for each generation source, the efficiency of these generators, and the capital and operational costs of each generator.

Electricity generated from any source, whether traditional or renewable, needs to be consumed instantly. This limitation of electricity has led to the development of energy storage technologies. Energy storage has been part of the electric system for decades.

India is at a critical juncture in scaling renewable energy to provide energy access to growing cities and vast rural communities.

India’s goal to dramatically expand solar energy could trigger a green jobs boom adding one million new engineers, technicians, solar installers, maintenance workers and performance data monitors to its workforce, according to a new report released in connection with a “Make in India” conference in Mumbai.