 bill no 49 of  2008 the electricity (repeal) bill, 2008 byshri ck chandrappan, mp a billto repeal the electricity act, 2003be it enacted by parliament in the fifty-ninth year of the republic of india as follows:—1 (1) this act may be called the  electricity (repeal)  act, 2008short title and commencement(2) it shall  come into force on such date as the central government may, by notificationin the official gazette, appoint2 the electricity act, 2003 is hereby repealedrepeal of act no 36 of 2003 statement of objects and reasonsthe electricity act, 2003 was passed with the laudable object of generating clean and cheaper electricity in sufficient quantity, so that the country would have self-sufficiency in power generation it promised that it would help in gradual electrification of all the villages in india, where electricity still remains a dream it also promised cheaper and affordable electricity to the domestic consumers, agriculture and industryit was expected that this legislation would help attracting huge investment in the power sector it was further promised that it would help to bring down the transmission losses to the minimumbut the experience of more than five years of its implementation has proved beyond doubt that all the objects which this piece of legislation sought to achieve, stand completely defeatedindia is far away from achieving self-sufficiency in power generation power has become unbearably costly transmission losses have increased power theft is also on the increase it could not achieve the goal of attracting huge investment in power sector in the name of getting investment, the multi-national companies have been allowed to enter the field of power generation resulting in a fiasco and scandalin view of the above it is proposed to repeal the electricity act, 2003 it is also necessary that alternate methods and strategies be adopted for achieving the goals for which the electricity act, 2003 was enactedin order to avoid any vacuum after the repeal of the electricity act, 2003, the date of commencement of this repealing act has been left to the government  to decide during the period, the central government should take suitable steps to prepare and come forward with a new legislationnew delhi;c k chandrappanaugust 5, 2008 lok   salok   sabhabha———— a billto repeal the electricity act, 2003————(shri ck chandrappan, mp)mgipmrnd—2865ls(s-5)—08-09-2008