Prayas Report on the Functioning of Electricity Regulatory Commisisons in India
Article from: OGEL 3 (2003), in Electricity Law and Regulation
Over the past several decades the Indian power sector has been plagued by financial, performance, and governance crises, all of which has been bad for the health of society, the economy and government finances. To overcome the financial crisis, governments have been engaged in a process of reform with the help of international agencies. Independent regulatory commissions are among the most crucial elements of these reforms, and have been given the important functions such as tariff setting and approval of power purchase in the various states. In the last three/four years, a ...