Electricity Act 2003

Business Environment The electric automobileity Act, 2003 | | TABLE OF CONTENTS exit| Page no(prenominal)| Chapter 01 : Introduction| 4| Chapter 02 : Salient Features & exposit of electrical energy Act, 2003| 5| Chapter 03 : Critique of electrical energy Act, 2003| 10| Chapter 04 : regulative Bodies below Electricity Act, 2003| 11| Chapter 05 : Role of posits under the Electricity Act, 2003| 12| Chapter 1: Introduction 1.1. Electricity is one of the learn inputs for the overall socio- economical cultivation of the country. The basic responsibility of the world-beater supply industry is to generate adequate electricity at economic cost, while ensuring dependability and quality of the supply. Despite meaningful progress in force addition since Independence, the demand for electricity acts to outstrip the supply with the go away that energy and peaking shortages continue to plague the economy. With the increasing pace of economi c development tender forwardd by the elucidates initiated by the Government, the demand for power in some(prenominal) rural and urban areas is likely to increase quickly in the coming years. 1.2. The structure of the electricity industry in breakaway India was laid down by the Electricity (Supply) Act, 1948 that created the State Electricity Boards (SEBs). In their initial years, the SEBs performed yeomen service in carrying electric power everywhere, but over the years they shit twist unsustainable, thanks to their mismanagement coupled with the economic and technological developments of the prehistoric decade. 1.3. The legal framework was amended in 1998 to facilitate parochial investment in generation and transmission, respectively; it enabled private entities to convey or transmit power through long-term contracts with state-owned entities. Similarly, the compass up of regulatory commissions under the 1998 Act, only had a limit impact on th e state-owned monopolies. These piecemeal ch! anges 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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