The parliamentary standing committee on energy said that the Central Electricity Regulatory Commission (CERC) should be accountable to Parliament and its role should be reviewed particularly in view of some of its controversial judgements.
The sub-committee on power said that the state electricity regulatory commissions (SERC), being established in states, for formulating standards relating to quality, continuity and reliability of service for the electricity industry have failed in their efforts.
However, to a proposal of having benches of the regulatory commission in five to six locations instead of having a SERC in each state, the committee said that it was
Despite lobbying by bourses, FinMin mulls tax to monitor the market
While three members sought a cut of 25 basis points (bps), one argued for a 50-bps cut