MoP notifies draft Electricity (Amendment) Act, 2018

The MoP has notified the draft Electricity (Amendment) Act, 2018 carrying the proposed amendments to the Electricity Act, 2003. The major changes proposed in the act include provisions for direct benefit transfer (DBT) of subsidy, separation of carriage and content in distribution, mandatory installation of smart meters, obligation of discoms to supply 24×7 power, and penalties for the violation of PPAs. Further, the draft Act introduces penalties for not meeting renewable purchase obligations and classifies hydropower under renewables though the size of projects has not been specified. The ministry has sought comments on the draft act by October 22, 2018.

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