National Energy Policy draft completed with narrow window for public views View(s):The Energy Ministry on February 12, 2026, published a 31-page draft National Energy Policy (NEP) on its website, inviting public views but providing less than five working days for submissions to be made. To lower generation costs—which are the largest component of electricity costs—all new generation, including renewable energy, will be procured through open, competitive bidding. The regulator will gradually shift to a performance-based framework, rewarding or penalising utilities based on their efficiency and service delivery. Tariffs will be cost-reflective to ensure that generation, transmission, and distribution entities can remain financially viable and self-financed. The policy also mandates the deployment of energy storage systems, such as batteries and pumped-storage hydropower, to manage the intermittent nature of renewable energy.

Source: Sunday Times February 21, 2026 19:48 UTC