In the Cabinet note, the power ministry had proposed a clutch of amendments to the Electricity Act, virtually mandating the regulators to follow the National Electricity Policy and Tariff Policy, as they are approved by the Union Cabinet, in consultation with the state governments.
We have sent a note to the power ministry in response to its draft Cabinet note, wherein we have, as a whole, backed the regulators view that their autonomy is an integral component of power sector reforms, a senior finance ministry official told FE.
| Autonomy of regulators integral part of power reforms, says finmin |
CERC shares finmin
view and calls it setback to reform
However, defending the proposed amendments, power secretary RV Shahi told FE that they would only enhance the powers of the Central Electricity Authority and the Centre and state regulatory commissions.