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Our Bureau

New Delhi , Oct. 5

State-owned Damodar Valley Corporation (DVC), which so far had autonomy in fixing power tariffs, will now have to approach the State and central electricity regulators for the purpose. The Central Electricity Regulatory Commission (CERC) today brought DVC under the ambit of regulated tariff mechanism as per the Electricity Act, 2003, and announced generation and transmission tariffs for 2004-09, a CERC release said.

Prior to the Act, the Corporation had autonomy to determine its own rates for bulk supply as well as retail distribution under Section 20 of the DVC Act, 1948. With CERC's decision, state regulators would now be able to determine the retail distribution tariff for DVC's consumers falling within their respective jurisdiction.

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