Winding up the discussion on the Bill in the Lok Sabha, petroleum minister Murli Deora said the board would work towards protecting the interests of consumers, seek to boost investments and help in creating a competitive market.
He also ruled out the possibility of having a single regulator for the entire energy sector. He said there were individual ministries for various sub-sectors in the energy sector, including power, coal and non-conventional energy.
Moreover, he said, electricity was in the concurrent list and states too had a role a play in its regulation.
A single regulator for all the sub-sectors would make it unwieldy.