CERC has to act as a bridge between developers and the consumers: Power minister

New Delhi, July 25 (KNN) Union Minister of State (IC) for Power, Coal and New and Renewable Energy, Piyush Goyal said that Central Electricity Regulatory Commission (CERC) has to act as a bridge between developers and the consumers and the regulator simultaneously balancing the interest of both parties. He said the regulator played a parenting role in the regulatory set up in the country.

Addressing the function of CERC’s foundation day here on Friday, Goyal said that CERC has acted as benchmark regulator in the country.

He narrated five principles of proportionality, consistency, accountability, transparency and targeting for better productivity and pointed out the need for fast decision making and also to keep power affordable.

The minister also inaugurated the modified website of CERC on the occasion. The website is given a new presentation in order to improve user interface and to provide better access to information to the masses.

Goyal also unveiled the new logo of CERC along with the website. The new logo was designed by National Institute of Design, Ahmedabad to symbolise the changing face of CERC in the country from merely being a “tariff setter” to a “facilitator of development” of power sector and the market.

On the occasion, Member of Parliament (RS), MJ Akbar, in his annual day lecture, emphasized the role of electricity in enhancing productivity of work, creation of jobs, elimination of poverty and democratisation of knowledge.

Chairperson CERC, Gireesh Pradhan, members of CERC, AK Singhal and AS Bakshi, officers and other staff of CERC were also present at the event. (KNN Bureau)