The Power Ministry has extended the date of submission of comments on the proposed amendments to Electricity Act, 2003, which aims to rationalise electricity tariffs by doing away with differential tariffs for different types of users.
The draft amendment to Para 8.3A of the National Tariff Policy, in which the Ministry has proposed that tariff design and cross subsidy will no longer be based on differential tariffs for different types of use but be solely based on sanctioned load and consumption, was circulated last month. The deadline for submission was set at September 20. The date has now been extended till November, 5, according to the Ministry’s letter addressed to the key industry stakeholders.
The proposal, apart from going away with currently used categories of electricity consumers such as residential, industrial, commercial, agricultural for identifying the tariffs, proposes to penalise consumers for exceeding the sanction load. Read more
Latest posts by The Hindu Businessline (see all)
- BPCL disinvestment plan fuels security concerns around Numaligarh Refinery - October 19, 2019
- A Kathmandu-Lhasa rail link can enhance China’s influence in Nepal, to India’s detriment - October 19, 2019
- India looks to consolidate oil-spill handling equipment at ports - October 18, 2019