The idea is to establish a robust and forward-looking legal framework that addresses the financial stress of power distribution companies, which are facing losses of over 6.9 trillion, while curbing high industrial tariffs that, according to the government, have affected competitiveness, constrained economic growth, and slowed the transition to clean energy.
'The Atomic Energy Commission has approved the FDI policy and it is going in for ministerial consultations.'
The Bill is likely to pave the way for amending two existing legislations -- the Atomic Energy Act 1962, and the Civil Liability for Nuclear Damage Act 2010.
CERC, which has a key role in India's power sector, has also set up a committee to gather further evidence in the matter and take suitable action.
CERC keeping an eye on movement of prices.
Power Minister P M Sayeed on Tuesday assured full autonomy to electricity regulatory commissions and said he would talk to state governments for providing administrative and infrastructure support to the regulators.
After four failed reform drives, a new plan aims to rescue India's debt-laden power discoms through privatisation, accountability and long-term financial fixes.
The Central Electricity Regulatory Commission, the nation's Power regulator, has allowed Ratnagiri Gas and Power Private Ltd, the new owner of Dabhol power project, to sell electricity to Maharashtra government.
Rajasthan Royals are seeking an indemnity waiver from the Rajasthan government to host IPL matches in Jaipur due to safety concerns raised about the Sawai Mansingh Stadium.
The Central Electricity Regulatory Commission on Tuesday said it was pressing the Centre for introducing open competitive bidding for power projects and indicated that it may review norms for returns.
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.
The project, with total generation capacity of 1,967 Mw, has been shut since Thursday, owing to shortage of gas.
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.
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.
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.
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.
The regulatory body has said Adani's power purchase agreements with Gujarat and Haryana would be maintained.
Regulator sets up panel to work out compensatory rates in a month; stocks of all power firms light up
The Supreme Court on Wednesday issued notice to the Centre on a petition challenging the legality of the power purchase agreement between Maharashtra State Electricity Board and the Enron-promoted Dabhol Power Corporation.
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 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.
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.
After Tatas and Reliance, yet another corporate giant - the Rs 20,000 crore (Rs 200 billion) Essar Group is entering the inter-state power trading business.
The company wants 'economic restitution' due to rupee depreciation and changes in law.
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.
