The Bihar Gazette — THE ELECTRICITY ACT, 2003

The Bihar Gazette E X T R A O R D I N A R Y PUBLISHED BY AUTHORITY 13 AGRAHAYAN 1929 (S) (NO. PATNA 1072) PATNA, TUESDAY, 4TH DECEMBER 2007 BIHAR ELECTRICITY REGULATORY COMMISSION REGULATIONS FOR GRANT OF TRADING LICENCE FOR INTRA-STATE ELECTRICITY TRADING IN THE STATE OF BIHAR NOTIFICATION The 4th December 2007 Notification No. 9/2007–No.BERC-Reg.-1/2007– In exercise of the powers conferred under section 181 read with section 52 of the Electricity Act, 2003 (36 of 2003) and all other powers enabling it in that behalf, the Bihar Electricity Regulatory Commission hereby makes the following Regulations for grant of licence for intra-state trading in Electricity, the duties and responsibilities of electricity trader and other related matters: Chapter – 1 General 1. Short title, extent and commencement (i) These Regulations shall be called " the Bihar Electricity Regulatory Commission (Licencing for Intra-State Trading in electricity) Regulations, 2007." (ii) These Regulations shall be applicable to any person engaged in intra-state trading in electricity within the territory of the State of Bihar. (iii) These regulations shall come into force from the date of publication in the Official Gazette of the State. 2. Definitions and interpretation: (i) In these Regulations, unless the context otherwise requires (a) 'Act' means the Electricity Act 2003, (36 of 2003) (b) 'Agreement' means agreements(s) entered into by the Electricity Trader with the seller of electricity, buyer of electricity, other licensees etc, which enables trading transactions to take place. (c) 'Annual accounts' means the accounts of a trading licensee prepared in accordance with the provisions of the Companies Act, 1956 and / or in such manner as the Commission may direct in terms of provisions of the Act.