Who Sets Electricity Tariffs in India?

Electricity tariffs in India are determined by Regulatory Commissions rather than power companies unilaterally. Under the Electricity Act, 2003, prices are set pursuant to Section 62 or adopted via competitive bidding under Section 63. This balances consumer protection, cost recovery, and market efficiency. In this video you will learn: • Role of Regulatory Commissions in fixing electricity tariffs under Section 62 • Guiding statutory principles including efficiency and consumer protection under Section 61 • Difference between regulated tariffs and competitive bidding adoption under Section 63 Statutory provisions discussed: • Section 62, Electricity Act, 2003 • Section 61, Electricity Act, 2003 • Section 63, Electricity Act, 2003 Useful for: LL.B. (3-year and 5-year integrated), UGC NET Law, CLAT PG and University semester exams. Free notes, quizzes & more: https://www.thelaweasy.com #Shorts #EnergyLaw #ElectricityAct #LawEasy