The correct answer is: d) All of the above
The Punjab State Electricity Regulatory Commission (PSERC) is an autonomous body established by the Government of Punjab to regulate the electricity sector in the state. It is responsible for setting electricity tariffs, ensuring quality of supply, and promoting competition in the sector.
The PSERC sets electricity tariffs based on a number of factors, including the cost of generation, transmission, and distribution, as well as the need to provide a fair return on investment to generators and distributors. It also sets standards for the quality of electricity supply, and monitors compliance with these standards. The PSERC also promotes competition in the electricity sector by issuing licenses to generators, distributors, and traders, and by regulating the terms and conditions of these licenses.
The PSERC plays an important role in ensuring the efficient and reliable supply of electricity in Punjab. By setting fair tariffs, ensuring quality of supply, and promoting competition, the PSERC helps to protect the interests of consumers and to promote economic development in the state.
Here is a brief explanation of each option:
- Setting electricity tariffs: The PSERC is responsible for setting electricity tariffs for all consumers in Punjab. Tariffs are set based on a number of factors, including the cost of generation, transmission, and distribution, as well as the need to provide a fair return on investment to generators and distributors.
- Ensuring quality of supply: The PSERC is responsible for ensuring the quality of electricity supply in Punjab. This includes setting standards for the quality of electricity, monitoring compliance with these standards, and taking action against those who do not comply.
- Promoting competition: The PSERC is responsible for promoting competition in the electricity sector in Punjab. This includes issuing licenses to generators, distributors, and traders, and regulating the terms and conditions of these licenses.