MNRE has approved Amendments to Electricity Act, 2003

The Union Cabinet has announced that it has approved the proposals for amendment in Electricity Act, 2003 on 10th December, 2014 as contained in the Electricity (Amendment) Bill 2014.

Minister of State (IC) for Power, Coal & New and Renewable Energy, Mr. Piyush Goyal stated that the amendments proposed in Electricity (Amendment) Bill, 2014 seeks to end the monopoly of power distribution companies by segregating the carriage (distribution sector/network) from the content (electricity supply business) in the power sector by introducing multiple supply licensees so as to bring in further competition and efficiency in the distribution sector by giving choice to the consumers.