Which of the following statements is/are correct? Haryana Electricity Regulatory Commission came into force on 17th August, Haryana Electricity Reform Act, 1997 was passed by the Haryana State Legislative Assembly on 22nd July, Select the correct answer given below.

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2

The correct answer is: Both 1 and 2.

The Haryana Electricity Regulatory Commission (HERC) came into force on 17th August, 1999. The Haryana Electricity Reform Act, 1997 was passed by the Haryana State Legislative Assembly on 22nd July, 1997.

The HERC is an independent regulatory body that was established to regulate the electricity sector in Haryana. The HERC is responsible for setting electricity tariffs, issuing licenses to electricity companies, and ensuring the quality of electricity supply.

The Haryana Electricity Reform Act, 1997 was enacted to reform the electricity sector in Haryana. The Act provides for the establishment of the HERC, the unbundling of the Haryana State Electricity Board, and the introduction of competition in the electricity sector.

The HERC has played a significant role in reforming the electricity sector in Haryana. The HERC has set electricity tariffs that are fair and reasonable, and has issued licenses to electricity companies that are qualified to operate in the electricity sector. The HERC has also ensured the quality of electricity supply by monitoring the performance of electricity companies.

The Haryana Electricity Reform Act, 1997 has been successful in reforming the electricity sector in Haryana. The electricity sector in Haryana is now more efficient and competitive, and consumers are now getting a better quality of electricity supply.