Power Sector Development Explained | Vibhas Jha Sir | Economy | UPSC NEXT IAS

Learn about the Power Sector Development - Electricity Amendment Bill (2022) in this Economy Booster by Vibhas Jha Sir.
The government introduced the Electricity Amendment Bill 2022 in the Lok Sabha. The Bill is under consideration by the Parliamentary Standing Committee.
The Electricity (Amendment) Bill, 2022 amends the Electricity Act, 2003 which regulates the electricity sector in India.
It sets up the Central and State Electricity Regulatory Commissions (CERC and SERCs) to regulate interstate and intrastate matters, respectively.

Multiple discoms in the same area:
The Act provides for multiple distribution licensees (discoms) to operate in the same area of supply.
The Act requires discoms to distribute electricity through their own network. The Bill removes this requirement.
It adds that a discom must provide non-discriminatory open access to its network to all other discoms operating in the same area, on payment of certain charges.
The central government may prescribe the criteria for determining the area of supply.

Upon grant of multiple licenses for the same area, the power and associated costs as per the existing power purchase agreements (PPAs) of the existing discoms will be shared between all discoms.
To meet any additional power requirements, a discom may enter into additional PPAs after meeting the obligations of existing agreements.
Such additional power need not be shared with other discoms.
Under the Act, in case of multiple discoms in the same area of supply, the SERC is required to specify the maximum ceiling for tariff. The Bill adds that the SERC will also specify a minimum tariff for such cases.
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