01193pab a2200157 454500 180718b2002 xxu||||| |||| 00| 0 eng d Godbole, Madhav Electricity Regulatory Commissions: the jury is still out 2002 p.2195-220. 8 Jun Rationalisation of tariffs is perhaps the most important prerequisite of viability of the power sector. An important step was taken in this behalf in 1998 by enactment of a legislation for the setting up of the electricity regulatory commissions (ERCs) at the centre and in the states. But the experience of the functioning of the ERCs so far is far from satisfactory. It is now imperative that ERCs take a strong position and refuse to entertain the submissions of SEBs and licensees for tariff revisions till their reasonable directives are compiled with. It is time the ERCs made full use of the penal powers available under the concerned legislation. For what is at stake is not only the viability and the future of the power sector but also the credibility of the ERCs. - Reproduced. Power industry Economic and Political Weekly 52611 52611 52611 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 37, Issue no: 23 AR53041 2018-07-19 2018-07-19 AR