Updated Feb 04, 2021 | 17:10 IST
Finance Minister Nirmala Sitharaman, in her budget speech delivered on February 1, had drawn attention to the need to increase alternatives to consumers enabling them to choose their own distribution company.
Representational image. | Photo Credit: PTI
Key Highlights
Power distribution remains the most crippled part of the electricity value chain, and the COVID-19 pandemic only further exposed the need for serious structural reforms in the sector
The capital infusion in September to boost discom liquidity was widely regarded as simply papering over the cracks, and ignoring the structural problems that persist within the discom space
The Centre's $ 41 billion plan to drive down electricity losses by reducing discoms' cost-revenue gap, improve infrastructural reliability, and promote competition over the next three fiscal years should come as music to the ears of consumers