No. JERC : 23/2018—In exercise of the powers conferred under Section 181 read with Section 50, of the Electricity Act, 2003 (Act No. 36 of 2003) (hereinafter referred to as ‘the Act’), and all other powers enabling it in this behalf including sub-ordinate legislation, rules, statutory orders, resolutions, clarifications issued by the Government in terms of the Act relating to supply of electricity, the Joint Electricity Regulatory Commission for the State of Goa and Union Territories (UTs) made the “Electricity Supply Code” Regulations, 2018, hereinafter called the Supply Code, 2018. (Notified on 26th November, 2018)
1. Short title and commencement
1. These Regulations may be called The Joint Electricity Regulatory Commission for the State of Goa and Union Territories (Electricity Supply Code) Regulations, 2018 (First Amendment) Regulations, 2019.
2. These Regulations shall come into force from the date of their publication in official Gazette.
2. Regulation 5.135 of Supply Code, 2018 is hereby replaced with the following:
Interest on Security Deposit
5.135 The Licensee shall pay interest to the consumer at the Bank Rate declared by the Reserve Bank of India prevailing on the 1st of April for the year, payable annually on the consumer’s security deposit with effect from date of such deposit in case of new connections energized after the date of this notification, or in other cases, from the date of notification of this Supply Code, 2018. The interest accrued during the year shall be adjusted in the consumer’s bill for the first billing cycle of the ensuing financial year. If the Security Deposit is submitted in the form of Bank Guarantee or by providing lien against fixed deposits, no interest shall be payable to the consumer.
Joint Electricity and Regulatory Commission