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MERC
The MERC was established on August 5, 1999 under the Electricity Regulatory Commission Act, 1998, a Central Act which was superceded by Electricity Act (EA), 2003. The Commission is continued as provided under Section 82 of the EA, 2003. The Act was mandated to promote competition, efficiency and economy in the power sector and to regulate tariffs of power generation, transmission and distribution and to protect the interests of the consumers and other stakeholders.