Question

What are the provisions in IEA 2003 that endeavor to bring out transparency in the working of discoms?.

28 Mar 2018
Answer :
Word Count : 419

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.

With effect from 2 June 2003 India has adopted a new legislation called the Electricity Act 2003, to replace some age-old existing legislation operating in the country. The new act consolidates the position for existing laws and aims to provide for measures conducive to the development of electricity industry in the country. The act has attempted to address certain issues that have slowed down the reform process in the country and consequently has generated new hopes for the electricity industry. This paper reviews the Electricity Act 2003, to highlight how

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