The Electricity Act, 2003 is an Act of the Parliament of India enacted to transform the power sector in India. The act covers major issues involving generation, distribution, transmission and trading in power.
The Act provides for Electricity Regulatory Commissions at both the central and state levels (CERC and SERCs). Functions of these Commissions include:
regulating and determining tariff,
issuing licenses for transmission, distribution, and electricity trading, and
adjudicating upon disputes, within their respective jurisdiction.
Section 3 (4) of the Electricity Act, 2003 requires the Central Electricity Authority (CEA) to frame a National Electricity Plan once in five years and revise ....
