The amendments proposed in the Act are progressive, and aim to address some of the immediate concerns that plague the sector. Electricity is a concurrent subject constitutionally, with a layer of complex political economy. The sector suffers from legacy issues which hinder operational efficiencies and business prudence. While significant improvements have been made to reduce […]
Power: Draft Electricity (Amendment) Bill, 2020 – Worst of times bring out the best
The Ministry of Power (MoP) has released the much awaited Draft Electricity (Amendment) Bill, 2020, which proposes many critical changes to the existing Electricity Act, 2003. These amendments were essential since the electricity sector in India has been evolving with increasing non-government investments and structural changes throughout the value chain. Some of the important proposals […]
MoP proposes act amendment; focus on contacts enforcement
The government has also proposed to empower load dispatch centres to oversee the payment security mechanism to power plants from discoms before scheduling dispatch of electricity New Delhi: The government proposes to establish an Electricity Contract Enforcement Authority to resolve issues based on performance of contracts among power plants, transmission companies and distribution utilities. It […]
Electricity Act, 2018 proposal encapsulates changing power market
Business Standard explains the major changes introduced in the 2018 avatar of the torch-bearing Electricity Act for the sector and its impact The draft amendments to the Electricity Act, 2003 is finally out and it aims to keep at pace with the changing market dynamics, increasing renewable capacity and challenge of providing quality power supply. Business Standard explains the […]