Electricity Act 2003 is likely to be notified in the next 10 days while national electricity and tariff policy will be formulated in the next six-eight months, Union Power Secretary R V Shahi said on Wednesday.

"The presidential assent to the Act was received on Tuesday and the power ministry would work to notify the same," Shahi said, while addressing an interactive session organised by the Confederation of Indian Industry in Mumbai.

"The draft tariff policy will be circulated for discussion in six weeks and the draft for electricity policy will follow," he said.

Rural electricity supply and electrification policies would also be formulated by the same time frame, he said.

Shahi said the ministry would move a proposal to amend the Electricity Act so that power generation entities could have "open access" or use of distribution network of other players.

"The electricity regulatory commissions have one year's time to spell out policy on open access. But, we do not want its implementation to take long. We look for three to five years for its implementation."

"While formulating the eligibility criterion for the distribution companies, we will define areas taking into account municipal limits, district or its subdivision," he said.