During the event organized by the Independent Power Producer's Association of Indian (IPPAI), the Kerala State Electricity Regulatory Commission (KSERC) has received an award for "Transparency & Fostering Competition" in recognizance of its measures to strengthen & regulate the power sector.
IPPAI has organized a national level meeting of regulators and policy makers in Goa on 3rd August 13 and had instituted around 13 awards for recognizing the efforts for promotion of clean and efficient power generation by both private and government corporations.
As said by the former chairman of Central Electricity Regulatory Commission, there are several issues plaguing Indian Power Sector coupled with corruption and inefficiency problems over fuel production and the awards are aiming to incentivize progress and good work in the Indian Power Sector.
The Jury, comprised former secretary, Ministry of Power, member secretary of the National Manufacturing Competitiveness Council and former secretary of Ministry of New & Renewable Energy.
The Jury has selected Kerala State Electricity Regulatory Commission for the special award after evaluating the relative performances of all state electricity regulatory committee.
To combat severe power shortage, innovative concepts like recovery of marginal cost of power from extravagant consumers, higher rate for high-end domestic consumers and 'Time of Day' tariff for domestic sector were introduced for the first time in the country in Kerala. This along with effective control and admonitions on the Kerala State Electricity Board has forced it to streamline unregulated power purchase and enter in to prudent contracts to avoid power shortages in the future.
In addition, the KSERC has rationalized tariffs after a gap of 10 years and prescribed preferential tariffs for green and renewable sources like wind energy and small hydro projects.
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