MERC hiding the fact that its Chairman was BSES Director !!

MERC is hiding the fact that it's Chairman, Dr. Pramod Deo was once a Director in BSES (now REL).

This is the MERC link: http://www.mercindia.org.in/pdmember.htm

This is REL's Official link:http://www.rel.co.in/investorrelations/pdf/98-99/dirrepo99.pdf

See page No. 6 of this BSES Director's Report, which was signed by RV Shahi, who was the CMD of BSES and then went on to became the Secretary in the Ministry of Power !!

Now do you see the nexus between BSES-REL-MERC-Ministry of Power ??

Just Google "DEO BSES" .. Great Results !!

And you were wondering how come electricity tariff keeps going up .. Ha !

Should MERC interfere with the Agreement between Tata & BEST ?

FACTS:

• Tata generates and supplies all the power that is required by BEST.
• Tata has been doing this for more than 70 years now.
• BEST has no generation of its own.
• BEST is a Local Authority (controlled by the Municipal Corporation).
• The Tata-BEST Agreement expired in 2004, but is valid till another is signed.
• MERC, as the Regulator, forces them to sign a new one.
• They finally sign a new one in Dec 2006 taking into account current demand of 800 MW.
• Tata supplies balance power (after giving to BEST/own consumers) to REL.
• REL is a private operator having its own Power Generation and TRading companies.

Now, MERC asks Tata to divert power to REL, and wants BEST to source power from elsewhere !!

Wouldn't the rates increase for BEST consumers in case BEST does not find any other source at the same rate ?

Why should MERC interfere in such a deal? It is clearly a case of OVER-regulation!

How can MERC give itself more powers than what the Electricity Act 2003 has given it ?

MERC can't do what they should ..
... like protect consumers' interests,
... like get REL to be transparent and separate accounts,
... like disseminate knowledge about the actual power situation in Mumbai (under an RTI reply to me, they admitted that they DO NOT KNOW how is Mumbai's Demand being met !).

Seems to me that MERC wants BEST to increase its rates .. and take a lot of flak .. while REL laughs all the way to the Bank ...

A Public Hearing is scheduled for July 17th on this ... I have made a submission ... watch this space ...