(a) whether the Government proposes to bring market mechanisms in energy
sector under an independent regulatory; and
(b) if so, the details thereof?
(a) whether the Government proposes to bring market mechanisms in energy
sector under an independent regulatory; and
(b) if so, the details thereof?
MINISTER OF THE STATE OF THE MINISTRY OF NEW AND RENEWABLE ENERGY (SHRI VILAS MUTTEMWAR)
(a) & (b):Independent regulators already exist in the electricity sector in the
form of the Central Electricity Regulatory Commission (CERC) and the State
Electricity Regulatory Commissions (SERCs).
In addition, a Petroleum and Natural Gas Regulatory Board (PNGRB) has been set
up on 25 June 2007 for regulating the petroleum sector, covering refining,
processing, storage,transportation, distribution, marketing and sale of petroleum,
petroleum products and natural gas.