Press Information Bureau
Government of India
Ministry of Power
07-December-2011 17:07 IST
Losses of SEBs
As per the PFC “Report on Performance of State Power Utilities for 2007-08 to 2009-10”, the aggregate losses on subsidy received basis for Utilities selling directly to consumers increased from Rs.17,620 Crores in the year 2007-08 to Rs.35,762 Crores in 2008-09 and to Rs.42,415 Crores in 2009-10.

Electricity Act, 2003 has been promulgated for consolidating the laws relating to generation, transmission, distribution, trading and use of electricity and generally for taking measures conducive to development of electricity industry, promoting competition therein, protecting interest of consumers and supply of electricity to all areas, rationalization of electricity tariff, ensuring transparent policies regarding subsidies, checking theft of electricity promotion of efficient and environmentally benign policies, constitution of Central Electricity Authority, Regulatory Commissions and establishment of Appellate Tribunal and for matters connected therewith or incidental thereto.

Accordingly, powers have been vested with the appropriate Electricity Regulatory Commissions and State Governments to oversee the performance of the State Power Utilities and take suitable measures.

This information was given by the Minister of State for Power Shri K. C. Venugopal in a written reply to a question in Rajya Sabha today.