The Goverment of India is planning to bring a law regarding the Uniform Electricity Tariff i.e., uniformed cost of electricity throughout the country. Petroleum and Natural Gas Minister Dharmendra Pradhan announced about a big decision. He said that the government is going to make a system so that the price of electricity would be the same across the country.
He also said that the electricity law 2003 will be amended to make electricity prices uniform across the country. The central government wants the same price of electricity across the country.
However, it is important to know that UDAY (Ujwal DISCOM Assurance Yojana) was launched in November 2015 in order to increase the financial capacity of the electricity distribution companies in the country. Central wants to reduce the financial burden on electricity distribution companies in 16 states. A bond of Rs 2.32 lakh crore has been launched to ease this financial burden. The main goal was to collect 2.69 lakh crore after recovery. With the help of this bond, central is trying to reduce all the technology and commercial losses in 25 states from 21.09% to 15%.
