India, Aug. 7 -- The Supreme Court on Wednesday directed electricity regulatory commissions (RCs) across the country to prepare a detailed roadmap for liquidating existing regulatory assets (RAs) within the next three years. The court also instructed the Appellate Tribunal for Electricity (APTEL) to ensure strict compliance with this directive by registering a suo motu petition.

The direction came in response to a petition filed by Delhi's three major power distribution companies -- BSES Rajdhani Power Ltd, BSES Yamuna Power Ltd, and Tata Power Delhi Distribution Ltd -- challenging the Delhi Electricity Regulatory Commission's (DERC) approach to electricity tariff determination. The companies argued that DERC's tariff policies over the y...