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In 1999, Karnataka embarked on a major reform of the power sector. As a first step, Karnataka Electricity Board (KEB) was dissolved and in its place, the Karnataka Power Transmission Corporation Limited (KPTCL) was incorporated. This was followed by the constitution of Karnataka Electricity Regulatory Commission (KERC) in November 1999.
State electricity regulatory commissions also have advisory roles: [5] Designing schemes promoting electricity industry related investment. Planning initiatives in Electrical industry which promotes competition and improves efficiency and brings economy in activities.
On 2 July 1998, recognizing the needs for reforms in the electricity sector nationwide, the Government of India moved forward to enact the Electricity Regulatory Commission Act of 1998, [1] which mandated the creation of the Central Electricity Regulation Commission with the charge of setting the tariff of centrally owned or controlled generation companies.
Availability Based Tariff (ABT) is a frequency based pricing mechanism applicable in India for unscheduled electric power transactions. The ABT falls under electricity market mechanisms to charge and regulate power to achieve short term and long term network stability as well as incentives and dis-incentives to grid participants against deviations in committed supplies as the case may be.
The Karnataka Power Transmission Corporation Limited, also known as KPTCL, is the sole electricity transmission and distribution company in state of Karnataka. [2] Its origin was in Karnataka Electricity Board. Until 2002, the Karnataka Electricity Board (KEB) handled electricity transmission and distribution across the state.
Duty Free Tariff Preference (DFTP) is a unilateral non-reciprocal preferential tariff scheme provided by the Government of India for the least developed countries (LDCs). The scheme was officially introduced on 13 August 2008. India was the first developing country to introduce a preferential tariff program for the LDCs. [1] [2]
Karnataka State Information Commission prepares report on the implementation of the provisions of State Information Commission act and submits an annual report to the state government which is placed by the later before the state legislature. [11] [2] [12] The commission on reasonable grounds can order inquiry into any matter related to the Act.
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. [1]