Law and Practice
1. General Structure and Ownership of the Power Industry
1.1 Principal Laws Governing the Structure and Ownership of the Power Industry
The Electricity Act, 2003 was enacted by the Indian Parliament and came into force on 10 June 2003. The Electricity Act is a central, unified and comprehensive piece of legislation, and is the main source of law and regulation in the electricity sector (along with the rules, regulations and policies made under the Electricity Act). The main objectives of the Electricity Act are as follows:
- developing the electricity industry;
- promoting competition;
- protecting consumer interest;
- supplying electricity to all areas;
- rationalising tariffs; and
- ensuring transparent policies regarding subsidies.
The Electricity Act recognises the distinct activities of generation, transmission, trading (ie, the purchase of electricity for resale), and supply and distribution (ie, the retail supply and sale of electricity to consumers).
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Sugandha’s has over 14 years of work experience in all aspects of legal, regulatory, policy, commercial, strategy and compliance related issues arising in power projects, infrastructure projects including public procurement and public private partnership projects, green hydrogen, carbon markets, electric vehicles, charging infrastructure and battery storage.