Central Electricity Regulatory Commission

About Central Electricity Regulatory Commission:

• It is a statutory bodyestablished by the Government of India under the provisions of the Electricity Regulatory Commissions Act, 1998.
• It is the Central Commission for the purposes of the Electricity Act, 2003, which has repealed the ERC Act, 1998.
• Composition: The Commission consists of a Chairperson and four other members including the Chairperson, Central Electricity Authority, who is an ex-officio Member of the Commission.
• The Commission intends to promote competition, efficiency and economy in bulk power markets, improve the quality of supply, promote investments, and advise the government on the removal of institutional barriers to bridge the demand-supply gap and thus foster the interests of consumers. 
• Functions:
  • To regulate the tariff of generating companies owned or controlled by the Central Government;
  • To regulate the tariff of generating companies other than those owned or controlled by the Central Government specified in clause (a) if such generating companies enter into or otherwise have a composite scheme for the generation and sale of electricity in more than one State;
  • To regulate the inter-State transmission of electricity;
  • To determine tariff for inter-state transmission of electricity;
  • To issue licences to persons to function as transmission licensees and electricity traders in their inter-state operations.