000			01193pab a2200157 454500
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100			_aGodbole, Madhav
245			_aElectricity Regulatory Commissions: the jury is still out
260			_c2002
300			_ap.2195-220.
362			_a8 Jun
520			_aRationalisation 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.
650			_aPower industry
773			_aEconomic and Political Weekly
909			_a52611
999			_c52611 _d52611