Regulator sets up panel to work out compensatory rates in a month; stocks of all power firms light up
Amid the outrage over the hike in power tariff, the Bharatiya Janata Party's Delhi unit on Saturday filed a police complaint against Chief Minister Sheila Dikshit and a number of senior bureaucrats, alleging their involvement in a "conspiracy" to benefit three private power distribution companies.
Government auditor CAG has rapped five regulators, including Sebi, Irda and PNGRB, for keeping their surplus funds worth over Rs 2,142 crore collected through fee and penalty outside the government accounts.
Power consumers in the state will have to shell out more, with regulator Punjab State Electricity Regulatory Commission (PSERC) announcing an average tariff hike of 12.08 per cent.
The company wants 'economic restitution' due to rupee depreciation and changes in law.
S Kabilan, former chairman of the Tamil Nadu Electricity Regulatory Commission, talks about what he could do as chairman and what ails the power sector in Tamil Nadu.
CERC keeping an eye on movement of prices.
While power utilities and traders have generally welcomed the Central Electricity Regulatory Commission's draft regulations on renewable energy certificates (RECs), they have warned that the short supply of renewable energy (RE) may encourage speculative activity and volatility in the already tight market.
The application of Anil Ambani Group company Reliance Infrastructure (R-Infra) for an extension in its existing power distribution licence to the suburbs of this metropolis has been rejected. It has, instead, been told to join the competitive process for a new one, with four other bidders.
In a bid to protect the consumer's interest, the Maharashtra government is planning to issue a directive, by invoking section 11 of the Electricity Act, 2003, to Tata Power to continue supplying power in Mumbai.
Reliance Infrastructure (R-Infra), an Anil Dhirubhai Ambani Group company, is on the warpath with the state electricity regulator. Stung by the Maharashtra Electricity Regulatory Commission's (MERC's) decision to invite expressions of interest (EoIs) for the distribution of power to Mumbai's suburbs, R-Infra is examining the possibility of legal action.
The Central Electricity Regulatory Commission (CERC) has convened a hearing on March 23 to consider various remedial measures to contain transmission congestion that is severely affecting the flow of power to the southern states. The power exchanges and load dispatch centres would make their submissions at the meeting.
The Maharashtra government has decided to play the role of a heavy-handed mediator in the tussle between Tata Power and Reliance Infrastructure. The dispute is over the sale of electricity in this city at regulated rates.
The Shiv Sena today asked consumers in Mumbai and elsewhere in Maharashtra not to pay electricity bills in protest against steep rise in tariffs.
The change-over process was delayed as the two companies differed over replacement of old meters of Reliance with new ones by Tata Power, meter reading and wheeling charges.
Since the bankcuptcy law came into effect from December 2016, with every quarter, the recovery rate has progressively been going down, notes Tamal Bandyopadhyay.
It'll only be when other states start following this discrimination for a large enough number of products, presumably, that the political class will wake up to it. Hopefully, the courts will too.
India's electricity regulator, the Central Electricity Regulatory Commission, has proposed a new tariff scheme for power generated from hydroelectric stations, whereby the risks associated with changes in water flow would now be borne by producers. This is a move that is likely to bring down the price being paid by users, usually the state electricity boards.
The power tariff will rise by Re 1 a unit due to hike in gas prices, Sushil Kumar Shinde, Union Minister of Power said.
Jayant Deo, an expert in energy sector has been promoting the concept of power exchange, a common platform for buying and selling power under Electricity Act 2003. His efforts have been fruitful and India's first power exchange will go Live in the first quarter of 2008.
"After July 1, when people receive their bills, they would compare it with the previous bills and explode when they notice that they have been duped," said senior Sena leader Subhash Desai. Alleging it was a sellout of the government to Reliance Energy, he said as per the norm, power supply companies are allowed a maximum 15 per cent profit but here a company has earned 35 per cent profit and no one is uttering a word.
The power regulator's office may have been functioning "normally" without a chairperson for almost a year, but industry executives see this as the Central government's lack of seriousness towards the body and the power sector.
Industrialists in Nasik have strongly opposed the power regualtor's proposal to have 18-32 hours of load-shedding in the industrial areas and implement five-day week to save electricity in Maharashtra.
Maharashtra Electricity Regulatory Commission's order rejecting the state power utility Maharashtra State Electricity Distribution Company Ltd request to increase load-shedding is likely to affect industry in the state adversely.
China has just 12 days of coal reserves left at most of its power stations, after the end of a cold and stormy winter. Some provinces, including Hebei, bordering Beijing, have less than a week's coal left. This is a record low, the state electricity regulatory commission revealed. Coal imports, which started last year, have also failed to meet the difference between supply and demand. This raises questions about how much longer China's breakneck industrialisation can continue
Reliance Energy Ltd said on Friday the Appellate Tribunal for Electricity has quashed an order of Maharashtra Electricity Regulatory Commission that restricted the company from offering rebates to its retail consumers in the city.
Electricity could soon be bought and sold just like equity shares and commodities with Central Electricity Regulatory Commission initiating the exercise for setting up a power exchange in the country.
In its decision over a tariff revision proposal submitted by the BEST, the MERC has given this direction.
While the industry has been given the highest benefits, farmers will have to contend with 1 per cent reduction in electricity costs.
The Central Electricity Regulatory Commission issued orders for inter-state transmission, prohibiting discrimination by state electricity boards. The commission divided open access customers into two categories-long term and short term.
With a view to increase efficiency and competition in the power sector, Central Electricity Regulatory Commission on Monday allowed open access in transmission system to power generating and distributing companies with immediate effect.
Power will become dearer to subscribers of Reliance Energy Ltd by 19 per cent on an average for the period between April 24, 2007, and March 31, 2008, after the new tariff order was released by the Maharashtra Electricity Regulatory Commission.
In a major blow to Reliance Energy's plans to expand its business in power sector, the Central Electricity Regulatory Commission has rejected the application of the Anil Ambani-controlled company for a transmission licence.
The Appellate Tribunal for Electricity has set aside an order of Maharashtra Electricity Regulatory Commission against Reliance Energy Ltd on a dispute related to billing complaints by its customers in Mumbai.
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