Electricity Amendment Bill 2022 PDF Summary
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The government introduces the Electricity (Amendment) Act, 2022 and a draft copy of the Electricity Amendment Bill is available for public comment. The Central Government’s attempt to amend the Electricity Act, 2003 eases the disruption faced by consumers due to poor reliability. Consumers are currently stuck in a monopolistic market where electricity is overcharged due to inefficiencies in the distribution industry. Although renewables are now much cheaper than fossil fuel generation, the increasing share of renewable power has not reduced electricity costs for consumers. The introduction of the bill eases licensing of distribution business 7, allowing private companies to compete with discoms on the basis of better tariffs and better power quality. The bill allows open access provision for residential consumers and facilitates small capacity, open access PPA in the market. This unlocks power for smaller players.
Electricity Amendment Bill 2022 PDF- Highlights
Some of the provisions in the Electricity Amendment Bill are highlighted as follows:
1. Delicensing of Distribution Business
The electricity utilities will have to compete with private power utilities & consumers will have the opportunity to switch between their energy suppliers. This will enable consumers to be aware lowest possible tariff & better service.
2. Direct subsidy transfer to end-consumer
Electricity subsidies will be directly transferred through the state government. This will prevent the indebtedness of power utilities. In case State Government wants to provide subsidized electricity, it has to be transferred directly like the Gas Subsidy in the LPG Cylinder
3. RPO Targets
The RPO Targets (Renewable Purchase Obligations) are now applicable to DISCOMS as well as open access consumers. The RPO Targets will be decided by the Regulatory commission and there is a penalty if RPO does not comply.
4. Strict Payment conditions for DISCOM
DISCOMS has to manage adequate payment security with PPA. If payment defaults are observed through DISCOMS, the power supply can be cut by the SLDC
5. Ease open access
The open-access provisions are now available to LT (Low Tension) consumers as well. Presently, open access is possible within the state. However, open access is possible on an intra-state basis
You can download the Electricity Amendment Bill 2022 PDF by clicking on the link given below.
