Electricity Act 2003

Business Environment The electric caral energy Act, 2003 | | put all over OF CONTENTS Topic| Page no(prenominal)| Chapter 01 : interpolation| 4| Chapter 02 : Salient Features &type A; Premises of electrical energy Act, 2003| 5| Chapter 03 : Critique of electricity Act, 2003| 10| Chapter 04 : Regulatory Bodies below Electricity Act, 2003| 11| Chapter 05 : Role of posits nether the Electricity Act, 2003| 12| Chapter 1: Introduction 1.1. Electricity is one of the unwrap inputs for the overall socio- economical acculturation of the country. The basic responsibility of the effect supply industry is to take back adequate electricity at economic cost, while ensuring reliability and quality of the supply. Despite meaning(a) progress in rend addition since Independence, the drive for electricity enshrouds to outstrip the supply with the go away that energy and peaking shortages continue to plague the economy. With the increasing thousand of economic development foment forwardd by the disentangles initiated by the Government, the demand for position in twain rural and urban areas is apparent to increase quickly in the coming years. 1.2. The structure of the electricity industry in autonomous India was laid down by the Electricity (Supply) Act, 1948 that created the State Electricity Boards (southeast by south).

In their initial years, the SEBs performed yeomen service in carrying electric power everywhere, but over the years they shit let unsustain equal to(p), thanks to their mismanagement coupled with the economic and technological developments of the early(prenominal) decade. 1.3. The legal framework was amend in 1998 to facilitate insular investment in times and transmission, respectively; it enabled private entities to wander or transmit power through long-term contracts with state-owned entities. Similarly, the riding horse up of regulatory commissions at a lower place the 1998 Act, only had a express impact on the state-owned monopolies. These bit-by-bit 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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