Amending the Electricity Act 2003- Getting the regulatory incentives right
State Electricity Regulatory Commissions (SERCs) constituted under state level legislation in seven states from 1995 and subsequently under the Electricity Regulatory Commissions Act 1998 (since subsumed into the Electricity Act 2003) have failed, to uniformly tackle the twin problems of high operational cost and distorted retail tariff structures not reflective of the cost of supply. […]
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