Central Electricity Regulatory Commission (CERC): - It is a statutory body established by the Government of India under the provisions of the Electricity Regulatory Commissions Act, 1998.
- It is the Central Commission for the purposes of the Electricity Act, 2003, which has repealed the ERC Act, 1998.
- It consists of a Chairperson and four other members including the Chairperson, Central Electricity Authority, who is an ex-officio Member of the Commission.
- It intends to promote competition, efficiency, and economy in bulk power markets, improve the quality of supply, promote investments, and advise the government on the removal of institutional barriers to bridge the demand supply gap and thus foster the interests of consumers.
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