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ICICI Securities Report
Ministry of Power has released two important drafts which are expected to play a positive role in the ministry's efforts to find a long-term solution addressing power sector's concerns.
The first – Draft Electricity (Rights of Consumers) Rules, 2020 is aimed at -
Empowering consumers under Electricity Act, 2003 to demand 24x7 power;
Ensuring compensation from distribution licensee (DL) in case of non-performance/under-performance;
Providing rules for facilitating/improving services including connection, metering, billing, grievance redressal and call centre facilities;
Providing rules for standardising DL performance consumers as prosumers.
The second draft standard bidding documents (SBD) for privatisation of DLs is aimed at accelerating private sector participation in distribution utilities by -
Standardising bid procedures, timelines and documentation requirement;
Providing two shareholding alternatives, bid parameters etc;
Providing a clean balance sheet to DL acquirer and
Providing transition support wherever required.
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