Question
Discuss the relevant provisions of IEA 2003 and National Tariff Policy aimed at rationalizing the tariff in the electricity sector
Answer :
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The Electricity Act, 2003 is an Act of the Parliament of India enacted to transform the power sector in India.
The act covers major issues involving generation, distribution, transmission and trading in power. While some of the sections have already been enacted and are yielding benefits, there are a few other sections that are yet to be fully enforced till date.
The main features of the act are as follows:
Generation is being de-licensed and captive generation freely permitted, i.e. any generating company may establish, operate and maintain a generating station without obtaining a licence under
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