Ramesh Babu V. Appointed as Member of CERC

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Ramesh Babu V. has been appointed as a Member of the Central Electricity Regulatory Commission (CERC).

An Overview of the News

• Ramesh Babu V. took the oath of office and secrecy on May 21, 2024.

• The oath was administered by the Union Minister for Power and New & Renewable Energy, R. K. Singh.

Educational Background:

• Ramesh Babu V. holds an M. Tech degree in Thermal Engineering.

• He also holds a B. Tech degree in Mechanical Engineering.

Professional Experience:

• Prior to his appointment, he was the Director (Operations) at NTPC from May 2020 until his retirement.

• He has held various positions at NTPC during his career.

About CERC:

• The Central Electricity Regulatory Commission (CERC) was established under the Electricity Regulatory Commissions Act, 1998.

• CERC serves as the Central Commission under the Electricity Act, 2003, which repealed the ERC Act, 1998.

• The Commission consists of a Chairperson and three other Members.

• The Chairperson of the Central Electricity Authority is an ex-officio Member of the Commission.

Functions of CERC under the Electricity Act, 2003:

• Regulate tariffs for Central Government-owned and composite scheme generating companies.

• Oversee inter-State transmission and determine tariffs.

• Issue licenses for inter-state transmission and trading.

• Adjudicate disputes.

• Advise the Central Government on National Electricity and Tariff Policies.

• Promote competition, efficiency, economy, and investment in the electricity industry.