Business Environment The electricalal energy Act, 2003 | | TABLE OF CONTENTS discipline| Page no(prenominal)| Chapter 01 : Introduction| 4| Chapter 02 : Salient Features & expound of electricity Act, 2003| 5| Chapter 03 : Critique of electricity 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 make inputs for the overall socio- economical cultivation of the country. The basic responsibility of the place supply industry is to generate adequate electricity at economic cost, while ensuring dependability and quality of the supply. Despite important progress in force addition since Independence, the demand for electricity observes to outstrip the supply with the go away that energy and peaking shortages continue to plague the economy. With the increasing pace of economic developmen t defend forwardd by the illuminates initiated by the Government, the demand for power in two rural and urban areas is likely to increase quickly in the coming years. 1.2. The structure of the electricity industry in free-living 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 have unsustainable, thanks to their mismanagement coupled with the economic and technological developments of the quondam(prenominal) decad e. 1.3. The legal framework was ! amended in 1998 to facilitate parochial investment in generation and transmission, respectively; it enabled private entities to conduct or transmit power through long-term contracts with state-owned entities. Similarly, the displace up of regulatory commissions under the 1998 Act, only had a extra impact on the state-owned monopolies. These piecemeal changes 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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