Energy Efficiency Label for Residential Sector Launched in India By Manu Tayal/ Updated On Wed, Feb 27th, 2019 The objective of the labeling programme is to make an instrument over the energy performance of a home which will gradually lead to an effective tool while deciding over the home prices in future. Power Minister R K Singh has launched the energy efficiency label for residential buildings at the Conference of Ministers for Power, New & Renewable Energy of States & Union Territories held at Gurugram. This programme was developed by the Bureau of Energy Efficiency (BEE), under the aegis of MOP energy efficiency label programme, for residential buildings. It will provide the information to consumers on the energy efficiency programme standard of the homes to be constructed across India. This two-day conference, being held on 26th and 27th February 2019, was attended by various Ministers and Secretaries of the States and Union territories and senior officials of the power & renewable energy sectors as well as public sector undertakings. During the launch of the event, a schedule on implementation on the energy efficiency label for residential buildings was distributed. The objective of the labeling programme is to make an instrument over the energy performance of a home which will gradually lead to an effective tool while deciding over the home prices in the future. It also aims to provide a benchmark to compare one home over the other on the energy efficiency standards so as to create a consumer-driven market transformation solution for Energy Efficiency in the housing sector. The proposed labeling program is expected to save a substantial amount of electric energy through various energy efficiency efforts in houses nationwide. With the implementation of an energy efficiency label for residential buildings, it is estimated to achieve an energy saving of up to 40 percent over the conventional houses with annual savings of 90 BU by 2030. Besides, the labeling mechanism will reduce energy bills for home buyers. The likely CO2 emission deduction by 2030 will be 320 MT CO2 annually. Tags: bee, Energy Efficiency in housing sector, Energy Efficiency Label, India, MNRE, RK Singh