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How
Ace can help you make significant savings |
What is Open Access? |
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Till the new Electricity Act, 2003 came into
force, generation, transmission and distribution of electricity in India was governed
by the old, archaic, Electricity Act, 1948. Under the old law, all the three components of
electricity production and consumption was restricted and under the monopoly
of state run organizations. Various state governments mismanaged and financially
weakened the electricity boards through populist largesse. Power sector desperately needed reforms and
private sector participation. The new Electricity Act, 2003 introduced reforms,
including private participation in all the three components. It also created the mechanism of open access, which empowers large
consumers to purchase power in the open market through energy exchanges and
bilateral contracts. The transmission and distribution companies, which
own the physical infrastructure, are bound to deliver the power purchased in
the market to the doorsteps of the consumer, for which they are entitled to
levy service charges. The market discovered prices have been found to be
cheaper by at least Rs.1 to 2 per unit, even after paying all additional
charges. In addition, consumers can
get uninterrupted power supply, 24 hours of the day, which is great boon for
industry.
Learn all about saving
energy costs on our site. We are
always glad to meet you in person and assist you. So, Contact us! |
Ace has been appointed a consultant by
Indian Energy Exchange (IEX), India’s largest energy exchange, for market
development and creating awareness .
Power tariffs and bills are rising every day. Industrial and commercial establishments
can benefit …
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