Electricity Act: Open access best for consumer, say experts
The year 2003 was quite a watershed year in India’s power industry because the 2003 electricity act was put in place. That was also the year when State Electricity Boards were given a one time cleaning of their balance sheets with partly the government and partly banks absorbing the losses.
But, the important point was the Electricity Act and the changes it brought. It promised at that time that it will be possible for power generators to sell over the heads of SEBs directly to power consumers and the process is called open access. But, that never happened. It never got implemented.
The Electricity act also put in the State Electricity regulators – The MERCs and the CERCs who are now very important actors, were first established by the State Electricity Act 2003. The power minister Veerappa Moily is meeting the state electricity regulators to suggest some amendments to the act……