The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government that regulates the interstate transmission and wholesale sale of electricity and natural gas and regulates the prices of interstate transport of petroleum by pipeline. FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects.
A public utility company is an organization that maintains the infrastructure for a public service. Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies.
A regional transmission organization (RTO) in the United States is an electric power transmission system operator (TSO) that coordinates, controls, and monitors a multi-state electric grid. The transfer of electricity between states is considered interstate commerce, and electric grids spanning multiple states are therefore regulated by the Federal Energy Regulatory Commission (FERC). The voluntary creation of RTOs was initiated by FERC in December 1999. The purpose of the RTO is to promote economic efficiency, reliability, and non-discriminatory practices while reducing government oversight.
The Electricity Act, 2003 is an Act of the Parliament of India enacted to transform the power sector in India.
The National Electric Power Regulatory Authority is responsible for regulating the electricity supply in Pakistan. It is also responsible for issuing licences for generation, transmission and distribution of electricity, establishing and enforcing standards to ensure quality and safety of operation and supply of electric power to consumers; approving investment and power acquisition programs of utility companies; and determining tariffs for the generation, transmission, and distribution of electric power. NEPRA was created when the Parliament of Pakistan passed the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997.
Kerala State Electricity Board (KSEB) is an Indian public sector undertaking under the Government of Kerala that generates, transmits and distributes electricity in the state under government monopoly. Established in 1957, the agency comes under the authority of the Department of Power. It has been registered under Indian Companies Act 1956 in January 2011.
Availability Based Tariff (ABT) is a frequency based pricing mechanism applicable in India for unscheduled electric power transactions. The ABT falls under electricity market mechanisms to charge and regulate power to achieve short term and long term network stability as well as incentives and dis-incentives to grid participants against deviations in committed supplies as the case may be.
State Electricity Regulatory Commission was a government agency responsible for the administration and regulation of the electricity and power industry in the People's Republic of China. This includes regulating the development of electricity markets, advising the National Development Reform Commission on the setting tariffs, while NDRC actually sets the tariffs, transmission, distribution, safety standards, technical standards, business licenses, environmental laws and development of the industry. Its functions were later folded into the National Energy Administration.
The Energy Commission, abbreviated ST, is a regulatory body for the energy industry in Peninsular Malaysia and Sabah. The commission was established under the Energy Commission Act 2001. Its key role to ensure that the energy industry is developed in an efficient manner so that Malaysia is ready to meet the new challenges of globalisation and liberalisation, particularly in the energy supply industry.
The United States has the second largest electricity sector in the world, with 4,178 Terawatt-hours of generation in 2023. In 2023 the industry earned $491b in revenue at an average price of $0.127/kWh.
Central Electricity Regulatory Commission (CERC), a key regulator of the power sector in India, is a statutory body functioning with quasi-judicial status under sec – 76 of the Electricity Act 2003. CERC was initially constituted on 24 July 1998 under the Ministry of Power's Electricity Regulatory Commissions Act, 1998 for rationalization of electricity tariffs, transparent policies regarding subsidies, promotion of efficient and environmentally benign policies, and for matters connected Electricity Tariff regulation. CERC was instituted primarily to regulate the tariff of power generating companies owned or controlled by the Government of India, and any other generating company which has a composite scheme for power generation and interstate transmission of energy, including tariffs of generating companies.
Maharashtra Electricity Regulatory Commission (MERC) (http://www.merc.gov.in) is a governing body to control certain regulatory and safety functions in Maharashtra based in Mumbai. It was incorporated under the Electricity Regulatory Commission Act, 1998, of Central Act in August 1999. In 2003, Under Section 82 of the Electricity Act the Commission is continued as regulatory body in state. It was established to promote competition, efficiency and economy in the power sector. It also regulate tariffs of power generation, transmission and distribution in Maharashtra.
The Natural Gas Act of 1938 was the first occurrence of the United States federal government regulating the natural gas industry. It was focused on regulating the rates charged by interstate natural gas transmission companies. In the years prior to the passage of the Act, concern arose about the monopolistic tendencies of the transmission companies and the fact that they were charging higher than competitive prices. The passage of the Act gave the Federal Power Commission (FPC) control over the regulation of interstate natural gas sales. Later on, the FPC was dissolved and became the Federal Energy Regulatory Commission (FERC) pursuant to a different act. FERC continues to regulate the natural gas industry to this day.
Nigerian Electricity Regulatory Commission(NERC) is an independent regulatory body with authority for the regulation of the electric power industry in Nigeria. NERC was formed in 2005 under the Obasanjo administration’s economic reform agenda through the Electric Power Sector Reform Act, 2005 for formation and review of electricity tariffs, transparent policies regarding subsidies, promotion of policies that are efficient and environmentally friendly, and also including forming and enforcing of standards in the creation and use of electricity in Nigeria. NERC was instituted primarily to regulate the tariff of Power Generating companies owned or controlled by the government, and any other generating company which has a licence for power generation and transmission of energy, and distribution of electricity.
Telangana State Electricity Regulatory Commission (TSERC) is a governing body to control certain regulatory and safety functions related to the power sector in the Indian state of Telangana.
The Commission for Regulation of Utilities, formerly known as the Commission for Energy Regulation, is the Republic of Ireland's energy and water economic utility regulator.
The Public Utilities Commission of Sri Lanka is the government entity responsible for policy formulation and regulation of the electric power distribution, water supply, petroleum resources, and other public utilities in Sri Lanka.
State electricity regulatory commissions in India are autonomous, statutory and regulatory bodies constituted for ensuring generation and distribution of electricity in the states and union territories of India. They are formed by notification in official gazette in accordance with the Electricity Regulatory Commissions Act, 1998. The commissions are vested with legislative and judicial powers to resolve conflicts between licence holders of production and distribution of electricity, or consumers and electricity distribution entities, and authority to draft regulations and sub ordinate regulations. The president and other members of such commissions are appointed by state governments in consultation with the Chief Justice of the state High Court.
