Governance of Indian State Power Utilities: An Ongoing Journey by Sheoli Pargal; Kristy Mayer

Author:Sheoli Pargal; Kristy Mayer
Language: eng
Format: epub
Publisher: The World Bank

Mandates of SERCs

SERCs are mandated with multiple roles: to prevent political interference in the sector and to protect the interests of different stakeholders by regulating the operations of power utilities and the tariff chargeable to consumers (Prayas Energy Group 2003). Key responsibilities are to issue licenses for distribution and intrastate transmission; ensure nondiscriminatory open access (OA) to both the transmission and distribution systems in order to promote competition and support the development of a multibuyer market and power trading; regulate and rationalize tariffs so as to cover costs; implement multiyear tariff (MYT) frameworks to reduce uncertainty and encourage investment in the sector; establish and monitor standards with respect to quality and reliability of service by licensees; and safeguard consumer interests, including by setting up mechanisms to redress grievances (see box 4.1 for a full list). In addition, SERCs are tasked with drafting, notifying, and implementing a range of additional regulations to enact the mandates of the EA 2003.

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