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  • Need For Electricity Act 2003

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    Vikash Kumar
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    Before the Electricity Act of 2003, the Indian electricity sector was governed by earlier acts from 1910, 1948, and 1998. Generation, distribution, and transmission were carried out by state electricity boards, but cross-subsidies became unsustainable due to political and economic factors. The central government felt the need for a new Electricity Act in 2003 due to ongoing economic reforms nationwide and power sector reforms in various states. The 2003 Act aimed to further reform the electricity sector by encouraging private sector participation and competition, and to distance state governments from tariff determination.

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    1. Need for Electricity Act 2003

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    Before the Electricity Act of 2003, the Indian electricity sector was governed by earlier acts from 1910, 1948, and 1998. Generation, distribution, and transmission were carried out by state electricity boards, but cross-subsidies became unsustainable due to political and economic factors. The central government felt the need for a new Electricity Act in 2003 due to ongoing economic reforms nationwide and power sector reforms in various states. The 2003 Act aimed to further reform the electricity sector by encouraging private sector participation and competition, and to distance state governments from tariff determination.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    10 views1 page

    Need For Electricity Act 2003

    Uploaded by

    Vikash Kumar
    Before the Electricity Act of 2003, the Indian electricity sector was governed by earlier acts from 1910, 1948, and 1998. Generation, distribution, and transmission were carried out by state electricity boards, but cross-subsidies became unsustainable due to political and economic factors. The central government felt the need for a new Electricity Act in 2003 due to ongoing economic reforms nationwide and power sector reforms in various states. The 2003 Act aimed to further reform the electricity sector by encouraging private sector participation and competition, and to distance state governments from tariff determination.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1.

    Need for EA
    Before Electricity Act, 2003, the Indian Electricity sector was guided
    by The Indian Electricity Act, 1910 and The Electricity (Supply) Act,
    1948 and the Electricity Regulatory Commission Act, 1998. The
    generation, distribution and transmission were carried out mainly by
    the State Electricity Boards in various States. Due to politico-
    economic situation, the cross-subsidies reached at an unsustainable
    level. 
    The Need for enactment of Electricity Act 2003, was felt by the
    Central Government in the backdrop of the on going Economic
    Reforms in the country coupled with power sector reforms in various
    States.
    For the purpose of distancing state governments from tariff
    determination, The Electricity Regulatory Commissions Act was
    enacted in 1998. So as to reform electricity sector further by
    participation of private sector and to bring in competition, Electricity
    Act was enacted in 2003.

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