Rapid capacity additions and improved efficiencies in electricity
generation, transmission and distribution, are still absent or inadequate.
The Electricity Act, 2003 introduced concepts not formally recognised
earlier—competition in electricity, safeguarding consumer interests,
encouraging investment, captive generation, merchant power, electricity
trading, electricity exchanges and markets, consumer choice, open access
to transmission and distribution wires, tariff-based bidding and
independent Central and state regulatory commissions. Measures were also
introduced to promote larger capacity generation, guarantee coal
availability and encourage renewable energy. This volume helps to improve
understanding of the ways in which these ideas were implemented and can be
used.
