SC flags regulatory failure in power sector; Directs States to clear DISCOMs dues within 4 years
“Regulatory failure’ occurs due to ineffective functioning of the Regulatory Commissions, excessive governmental interference, or ‘regulatory capture’.”
tariff hike
Relief for Tata Power | APTEL stays MERC’s tariff schedule for FY 2023-24
The Tribunal regarded the hike in violation of Section 61(d) of the Electricity Act, 2003 and against the larger public interest, which is one of the critical factors to be taken into consideration in deciding whether to grant interim relief.