Economics · Energy Sector Regulation
Consider the following statements: Statement I: A Captive Generating Plant (CGP) is established primarily to generate electricity for self-consumption and is governed under the Electricity Act, 2003. Statement II: For a power plant to qualify as a captive generating plant, the owners must collectively hold at least 51% ownership in the plant. Statement III: Recent amendments to Electricity Rules provide for financial year-based verification of captive status and introduce grievance redressal mechanisms. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement II nor Statement III is correct.
- 2Only Statement III is correct, and it explains Statement I.✓
- 3Both Statement II and Statement III are correct, but only one of them explains Statement I.
- 4Both Statement II and Statement III are correct, and both of them explain Statement I.
Correct answer
Only Statement III is correct, and it explains Statement I.
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