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competitive_bidding

competitive_bidding

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Published by Ankur Pathak

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Published by: Ankur Pathak on Jan 05, 2009
Copyright:Attribution Non-commercial

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05/09/2014

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POWER PROCUREMENT
(COMPETITIVE BIDDING PRINCIPLES)
THE ELECTRICITY ACT, 2003

The promotion of the competition in the
Electricity Industry is one of the key objectives of
the Electricity Act, 2003.

\ue000The Act consolidates the laws relating to

generation, transmission, distribution, trading
and use of electricity and generally for taking
measures conducive to development of
electricity industry, promoting competition
therein, protecting interest of consumers etc.

TARIF POLICY UNDER THE ELECTRICITY ACT, 2003

The tariff policy has been evolved in consultation with the State
Governments and Central Electricity Authority (CEA) and keeping
in view the advice of the Central Electricity Regulatory
Commission and suggestions of various stakeholders. The
objective of the policy are:

\ue000Ensure availability of electricity to consumers at reasonable and
competitive rates;
\ue000Ensure financial viability of the sector and attract investments;
\ue000Promote transparency, consistency and predictability in
regulatory approaches across jurisdiction and minimize
perception of regulatory risks;
\ue000Promote competition, efficiency in operations and improvement
in quality of supply.

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