November 7, 2016

Need to keep electricity rates ‘affordable’

Lauding regulator CERC’s role in the rise of the power sector, Union Minister Piyush Goyal on Friday stressed the need for keeping electricity affordable while protecting interests of both developers and consumers.

“The CERC has acted as a benchmark regulator in the country. The regulator has to act as a bridge between developers and consumers… Simultaneously balancing the interest of both parties,” Goyal said at the CERC’s foundation day here.

He further said that regulators in India have contributed immensely in this regard.

He narrated five principles of proportionality, consistency, accountability, transparency and targeting for better productivity.

Goyal underlined the need for fast decision making and keeping power affordable.

On the occasion, Goyal also inaugurated the modified website of CERC. The website with a new look is aimed at improving user interface and providing better access to information to the masses.

The minister 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.

Subscribe to Newsletter