NEW DELHI:
Amendments to the Electricity Act, to bring in various reforms including to improve power supply and enable consumers to choose their supplier, should come into effect by April, Power Minister Piyush Goyal today said.
Speaking at a TERI event, the minister said, the Electricity (Amendment) Bill 2014, which was tabled in the Lok Sabha in December, last year, will become law by April.
The proposed amendments to the existing Act will promote competition, efficiency, and improvement in the supply of electricity in the country resulting in capacity addition and benefit to the consumers.
The Cabinet, in December last year, approved various amendments to the existing Electricity Act 2003, aimed at enabling consumers to choose their electricity supplier, among other reforms.
The Central Government has also said wherever there are existing power purchase agreements, the interests of stakeholders will be protected, which will be done in consultation with the power regulator. (AGENCIES)
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