Energy Efficiency Services Limited
Under the National Energy Efficient Fan Programme, EESL provides BEE 5 Star rated ceiling fans which are 30% more energy efficient than conventional fans. Fans will be sold for Rs. 1,150 per fan. EESL has distributed 6.2 lakh energy efficient fans under this scheme which will save 2.4 lakh kWh and Rs 8.2 lakh per day to the consumers. The price difference is Rs. 500 which is the primary reason for its low penetration, along with the lack of awareness. With the usage of these energy efficient fans it is estimated that consumer’s electricity bills will reduce by about Rs. 700-730 per year, and recover the extra cost in less than 2 years.
Climate change mitigation
Efficient energy use, sometimes simply called "energy efficiency", is the goal of efforts to reduce the amount of energy required to provide products and services. For example, insulating a home allows a building to use less heating and cooling energy to achieve and maintain a comfortable temperature. Installing LED lighting, fluorescent lighting, or natural skylight windows reduces the amount of energy required to attain the same level of illumination compared to using traditional incandescent light bulbs. Compact fluorescent lamps use only 33% of the energy and may last 6 to 10 times longer than incandescent lights. LED lamps use only about 10% of the energy an incandescent lamp requires.