The Ministry of Power (MoP) has notified the Draft Electricity (Amendment) Bill, 2020. The ministry has proposed major reforms such as provisions for distribution franchises, removal of regulatory assets, strengthening of payment security mechanisms and formulation of a national renewable energy policy. An earlier draft version of the amendments to the Act was floated by MoP in 2018, but recommendations in this draft could not be incorporated. Notably, certain reforms proposed in the previous version such as the separation of carriage and content, penalty for power cuts, setting up of a national power committee and raising penalties for power theft are not present in the current bill. The bill is open for stakeholders’ comments for 21 days till May 8, 2020.
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