Electricity Act 2003 Current Affairs, GK & News

Power ministry: New Rules notified to ensure Sustainability

The ministry of power announced new rules to ensure sustainability in the economic viability of the power sector. Key Points New rules will also ease the financial stress of various stakeholders. It will also ensure timely recovery of costs incurred in the electricity generation. It will promote clean energy for ensuring the suitability and meet ..

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Bill to amend Electricity Act sent for consultation

The Union power ministry has sent the proposed Electricity (Amendment) Bill, 2021, for the inter-ministerial consultation. Highlights The bill was also sent to the law and justice ministry for its critical examination and evaluation. After the cabinet approves the bill, it will be introduced in the current session of parliament with the aim of passing ..

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Real Time Electricity Market launched by Indian Energy Exchange

On June 1, 2020, Indian Energy Exchange launched Real Time Electricity Market (RTM). The main aim of the launch is to help discoms plan their power requirements. Working of the market The market will conduct 48 auction sessions during the day and the power will be delivered within one hour of closure of the bid ..

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NTPC, PGCIL sign MoU to enter Power Distribution Business

The Indian Public Sector Undertaking’s (PSUs) National Thermal Power Corporation Limited (NTPC Ltd) and Power Grid Corporation of India Limited (PGCIL) have signed an agreement to set up National Electricity Distribution Company Limited (NEDCL). Key Highlights The forming of a joint venture to set up National Electricity Distribution Company by NTPC, a leading power generator, ..

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