Electricity Act, 2003
Preamble
An Act to consolidate
the laws relating to generation, transmission, distribution, trading and use of
electricity and generally for taking measures conducive to development of
electricity industry, promoting competition therein, protecting interest of consumers
and supply of electricity to all areas, rationalisation of electricity tariff,
ensuring transparent policies regarding subsidies, promotion of efficient and
environmentally benign policies, constitution of Central Electricity Authority,
Regulatory Commissions and establishment of Appellate Tribunal and for matters
connected therewith or incidental thereto.
BE it enacted by
Parliament in the Fifty-fourth Year of the Republic of India as follows:--