ARTICLE
5 February 2015

Centre Planning To Amend Electricity Act, 2003

SO
S&A Law Offices

Contributor

S&A Law Offices is a full-service law firm comprising experienced, well-recognized and accomplished professionals. S&A Law Offices aims to provide its clients (both domestic and international) with top-quality counsel and legal insights, which combines the Firm's innovative approach with comprehensive expertise across industries and a broad spectrum of modalities. Being a full-service law firm, we take pride in having the capability of providing impeccable legal solutions across various practice areas and industries and makes an endeavor to provide a 360 degree legal solution. With registered office at Gurugram and other strategically located offices in New Delhi, Mumbai, and Bengaluru, along with associate offices across India, S&A is fully equipped to provide legal services on a pan-India basis.
In order to have a more firm grip over the state electricity regulatory commissions (SERCs), the Narendra Modi Government is planning to make the SERCs invulnerable to the state level political snooping...
India Energy and Natural Resources

In order to have a more firm grip over the state electricity regulatory commissions (SERCs), the Narendra Modi Government is planning to make the SERCs invulnerable to the state level political snooping, Enabling SERCs to compulsorily implement Power tariff revision necessary for persistent power distribution.

As per the changes if any discom fails to provide the Annual Revenue Requirement (ARR) within 30 days after the deadline set by the Power Regulator, the Power Regulator will have legal compulsion to initiate a tariff revision, based on the data at its disposal and issue new tariff order within the next 90 days.

Additionally, Parliament is planning to have two nominees from Center in the SERCs. This will increase the number of members on each state regulatory commission to five, instead of three currently. The tenure of an SERC member will be reduced to 3 years from 5 years at present, with the Forum of Regulators having the authority to ask a nonperforming member to go.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More