Regulation in electricity sector: Indian scenario

Suji Pillai

Regulation in electricity sector: Indian scenario

Authors
Suji Pillai

Abstract
India having the lowest per capita energy consumption in spite of that fact it is having a huge energy demand due to its increasing population. Power therefore, is considered to be one of the essential elements for the well-being and growth of the nation, hence, backbone of the nation. The economic Planning has time and again laid special emphasis on the development of Power sector. Some of the International Conventions like Convention On The Elimination Of Discrimination Against Women (CEDAW) and International Convention On Economic, Social And Cultural Rights (ICESCR) has even recognised Electricity as Human Right in Article 14 and 11 respectively.

In Countries like India Access to electricity is a prerequisite for the satisfaction of human needs such as adequate living, maintaining good health and implementation of right to education and right to clean environment. 1.2 billion people in the world are without access to Electricity and 600 million people have electricity access. Lack of access to electricity, is a major cause for increase in income disparity, increase in population especially in rural areas. The Electricity Act, 2003 is one of those acts that intends to create a liberal framework for the development of Power Industry, promoting competition, protecting interests of consumers and supply of electricity to all the areas, rationalization of electricity tariff and ensuring transparent policies and promotion of efficiency among others. This Paper therefore examines the need of regulation in Electricity Sector wherein Privatization is highly recommended in power sectors of developing countries like India. Therein, The Indian model tries to encourage the competition in generation while keeping transmission in the State Control.

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