The Union minister for energy Piyush Goyal on Thursday said the amendments in the Electricity Act would be pushed in the coming budget session 2015-16.
The amendments would seek to end the monopoly of distribution companies (discoms, rationalise tariff and give consumers the right to choose the company that supplies electricity in their neighbourhood.
Goyal said, “The Electricity Act, 2003, which was introduced in the winter session has been referred to the Standing Committee of Parliament. The committee is expected to present its report in the Lok Sabha next month. I am confident of getting the reforms through in the budget session.”
“The reforms would lay the foundation for lower power tariff through fierce and healthy competition in the power sector,” he added.
The government wants to separate the carriage and content operation of existing power discoms. According to Goyal, “The way forward would be to delink the carriage (meaning distribution) and content (power). In the power sector the terms used as “wire” and “supply”