New electricity law is coming: Now the days of free electricity will go, subsidy will come in customer's accounts; Companies will charge full bill

The central government is going to make a big change in the power sector. The draft of the new electricity bill has been finalised. It will be introduced in the Winter Session of Parliament starting November 29. This will directly affect crores of electricity customers of the country. The first major change in this is that the government will no longer give subsidy to the power companies, but will transfer it to the accounts of the customers, as LPG subsidy is given.

On the other hand, the power companies will charge the full bill from the customers, that is, the customers will get the electricity at full cost. Then according to the slab, the government will transfer the subsidy to the accounts of the customers. The biggest impact of this will be that the days of free electricity will end, because no government will be able to provide free electricity. However, it can subsidize customers.

It may also happen that the government will continue to subsidize only the needy, as is happening in the case of LPG. Whereas, at present, all electricity customers get the benefit of subsidy according to the slab across the country.