Electricity Act 2003

Business Environment The electricalal energy Act, 2003 | | TABLE OF CONTENTS subject area| Page no(prenominal)| Chapter 01 : Introduction| 4| Chapter 02 : Salient Features & premise of electrical energy Act, 2003| 5| Chapter 03 : Critique of electrical energy Act, 2003| 10| Chapter 04 : regulatory Bodies below Electricity Act, 2003| 11| Chapter 05 : Role of posits under the Electricity Act, 2003| 12| Chapter 1: Introduction 1.1. Electricity is one of the lynchpin inputs for the overall socio- economical cultivation of the country. The basic responsibility of the big businessman supply industry is to generate adequate electricity at economic cost, while ensuring dependability and quality of the supply. Despite meaning(a) progress in force addition since Independence, the demand for electricity covers to outstrip the supply with the go away that energy and peaking shortages continue to plague the economy. With the increasing pace of economic development librate forwardd by the betters initiated by the Government, the demand for power in some(prenominal) rural and urban areas is likely to increase quickly in the coming years. 1.2. The structure of the electricity industry in autarkical India was laid down by the Electricity (Supply) Act, 1948 that created the State Electricity Boards (SEBs).

In their initial years, the SEBs performed yeomen service in carrying electric power everywhere, but over the years they shit receive unsustainable, thanks to their mismanagement coupled with the economic and technological development s of the medieval decade. 1.3. ! The legal framework was amended in 1998 to facilitate parochial investment in generation and transmission, respectively; it enabled private entities to swop or transmit power through long-term contracts with state-owned entities. Similarly, the conniption up of regulatory commissions under the 1998 Act, only had a hold in impact on the state-owned monopolies. These piecemeal changes in the scream of reform have not been able to...If you want to brook a full essay, order it on our website: OrderCustomPaper.com

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