State Electricity Regulatory Commissions
State Electricity Regulatory Commissions (SERCs) are independent bodies established in each state of a country to regulate the electricity sector. Their primary role is to ensure that electricity is supplied efficiently, fairly, and at reasonable prices. They oversee the operations of electricity distribution companies and set tariffs, ensuring that consumers receive reliable service while also protecting the interests of the providers.
SERCs also play a crucial role in promoting competition and innovation within the electricity market. They evaluate and approve power purchase agreements, facilitate renewable energy integration, and address consumer grievances. By doing so, SERCs help create a balanced and sustainable electricity ecosystem in their respective states.