“CERC has Played a Parenting Role in the Regulatory set up of the Country”- Piyush Goyal

Inaugurates CERC’s New Logo and Website

5 Dariya News

New Delhi 24-Jul-2015

Piyush Goyal, Union Minister of State (IC) for Power, Coal and New & Renewable Energy said that Central Electricity Regulatory Commission (CERC) has played a parenting role in the regulatory set up in the country. While speaking at the function of CERC’s foundation day here today, Shri Goyal said that CERC has acted as benchmark regulator in the country. Complimenting CERC for completing 17 years of remarkable contribution and service to the nation, the Minister said that regulator has to act as a bridge between developers and the consumers and the regulator simultaneously balancing the interest of both parties. He expressed his satisfaction that the regulators in India have contributed immensely in this regard. He narrated five principles of proportionality, consistency, accountability, transparency and targeting for better productivity. Shri Goyal underlined the need for fast decision making and also to keep power affordable. On the occasion , Sh. M.J. Akbar, Member of Parliament (RS), in his annual day lecture, emphasized the role of electricity in enhancing productivity of work, creation of jobs, elimination of poverty and democratisation of knowledge. Shri Gireesh Pradhan, Chairperson CERC, said that the institute has contributed to the growth and development of power sector over the years. 

The Minister also inaugurated the modified website of CERC on the occasion. The website is given a new presentation in order to improve user interface and to provide better access to information to the masses. Shri Goyal also unveiled new logo of CERC along with the website. The new logo was designed by National Institute of Design, Ahmedabad to symbolise the changing face of CERC in the country from merely being a “tariff setter” to a “facilitator of development” of power sector and the market. The existing logo of CERC was designed in late 1990s which basically focussed on CERC role of being fair and impartial regulator balancing the interest of generators of power and the consumers. Shri A.K. Singhal, Member, CERC, Ahri A.S. Bakshi, Member, CERC, officers and staff of CERC were also present at the event. 

CERC BACKGROUND

The Central Electricity Regulatory Commission (CERC) was established in 1998 under Electricity Regulatory Commission (ERC) Act, 1998. The main objective of CERC is to monitor power tariff regulations in the country. The Commission intends to promote competition, efficiency and economy in bulk power markets, improve the quality of supply, promote investments and advise government on the removal of institutional barriers to bridge the demand supply gap and thus foster the interests of consumers.