Provisions Of Electricity Act

“Open access provisions in Electricity Act 2003 have made it possible to buy power from the generators of their choice through bilateral contracts or energy exchange, for large consumers of power like IIT Delhi," the institute said.

The Union Cabinet is likely to approve the new power tariff policy next week that is aimed at boosting regulatory mechanism for discoms and encouraging faster roll out of investments in the sector with focus on renewable energy, sources said.

“Open access provisions in Electricity Act 2003 have made it possible to buy power from the generators of their choice through bilateral contracts or energy exchange, for large consumers of power like IIT Delhi," the institute said.

The Union Cabinet is likely to approve the new power tariff policy next week that is aimed at boosting regulatory mechanism for discoms and encouraging faster roll out of investments in the sector with focus on renewable energy, sources said.