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Policy Framework
Electricity Act 2003
Electricity Act 2003 has been
enacted with an objective to introduce competition,
protect consumer's interests and provide power
for all. The Act provides for National Electricity
Policy, Rural Electrification, Open access in
transmission phased open access in distribution,
mandatory SERCs, license free generation and distribution,
power trading, mandatory metering and stringent
penalties for theft of electricity.
It is a comprehensive legislation
replacing Electricity Act 1910, Electricity Supply
Act 1948 and Electricity Regulatory Commission
Act 1998. The aim is to push the sector onto a
trajectory of sound commercial growth and to enable
the States and the Centre to move in harmony and
coordination.
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National Electricity Policy
Objectives
The National Electricity Policy
aims at achieving the following objectives:
- Access to Electricity - Available for all
households in next five years.
- Availability of Power - Demand to be fully
met by 2012. Energy and peaking shortages to
be overcome and adequate spinning reserve to
be available.
- Supply of Reliable and Quality Power of specified
standards in an efficient manner and at reasonable
rates.
- Per capita availability of electricity to
be increased to over 1000 units by 2012.
- Minimum lifeline consumption of 1 unit/household/day
as a merit good by year 2012.
- Financial Turnaround and Commercial Viability
of Electricity Sector.
- Protection of consumers’ interests.
Issues Addressed
The policy seeks to address the following issues:
- Rural Electrification
- Generation
- Transmission
- Distribution
- Recovery of Cost of services & Targetted
Subsidies
- Technology Development and Research and Development
(R&D)
- Competition aimed at Consumer Benefits
- Financing Power Sector Programmes Including
Private Sector Participation
- Energy Conservation
- Environmental Issues
- Training and Human Resource Development
- Cogeneration and Non-Conventional Energy Sources
- Protection of Consumer interests and Quality
Standards
Full
text of the policy
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