Responsibilities of Regulatory Body, Electrical Engineering

Responsibilities of Regulatory Body

The basic responsibilities of the Central Regulatory Commission are to:

  • Fix tariff of Central Sector producing plants as well as of inter-state power projects;
  • Fix rationalized tariffs for the generation, distribution and transmission utilities and the trading margins within the inter-State trading of electricity, if considered essential;
  • Regulate the inter-state transmission of electricity and issue licenses to transmission licensees and electricity traders along with respect to their inter- state operations;
  • Specify Grid Code with regard to Grid Standards, specify and enforce the standards along with respect to quality, continuity and reliability of service through licensees;
  • Make sure in which the utilities improve consumer services, and establish benchmarks that are upgraded over a period of time;
  • Examine and adjudicate upon disputes, and reconcile the interests of various stakeholders, e.g., the state run corporations and private utilities, organizations, consumers, shareholders and society at large;
  • Ensure a fair and equitable treatment to every stakeholder.
Posted Date: 2/2/2013 6:22:26 AM | Location : United States

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