In 2024, India's power sector witnessed significant developments with a focus on energy transition and renewable energy growth. The budget of 2024-25 introduced schemes like the PM-SGMBY and National Green Hydrogen Mission to support this transition. However, concerns were raised about the adequacy of budgetary provisions for these initiatives. Initiatives like promoting research on small nuclear reactors and carbon trading were highlighted. The deployment of Bharat Small Reactors and Small Modular Reactors, as well as the Electricity (Amendment) Rules, were noted as positive steps for energy security and private investments in transmission infrastructure. The evolution of the electricity market through the multi-power exchange model has seen increased transaction volume, though challenges like varying prices across exchanges persist. The introduction of Market Coupling regulations aims to address this issue. However, the missed milestone of passing the Electricity Amendment Bill 2022, specifically concerning retail competition, remains a notable challenge for operational efficiency and consumer services improvement.