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Showing posts with the label Electricity Act 2003

Draft Indian Electricity Bill 2025 (Amendment)

  🏛️ Overview of the Draft Electricity (Amendment) Bill, 2025 The Electricity (Amendment) Bill, 2025 seeks to revise the Electricity Act, 2003 to address persistent challenges in India’s power sector and align it with the country’s developmental vision of “Viksit Bharat @ 2047.” The amendments aim to improve financial sustainability, promote clean energy, enhance regulatory accountability, and support industrial competitiveness. 🔑 Key Objectives of the Amendment Ensure financial viability of distribution companies (DISCOMs) Promote cost-reflective tariffs Enable open access and competition Support clean energy transition Strengthen regulatory institutions Improve ease of living and doing business ⚡ Major Amendments and Their Implications 1. Financial Viability and Tariff Rationalization Cost-Reflective Tariffs : Regulatory Commissions must now determine tariffs that reflect the actual cost of electricity supply. This aligns with the Supreme Court’s 2025 judgment...