The goal of the Uttar Pradesh Power Sector Reform programme is to:
Provide cost efficient good quality electricity to all categories of consumers for economic development/social uplift of the State.
Make the energy sector commercially viable so that it ceases to be burden on the state budget; and
Protect the investment of the consumers.
Keeping in view the above mentioned goals, the Government of Uttar Pradesh has agreed on the following key aspects of the Power Sector Reform Programme:
Restructing of Uttar Pradesh State Electricity Board (UPSEB) into autonomous and separately accountable entities.
Creation of an Independent Regulatory Body to protect consumers as well as long term financial health of the Power Sector.
Ultimate transfer of ownership of the assets to public corporate entities over a phased time schedule.
Rationalization of tariff.
Reforms-Phase I (Corporation): With the increasing volume of activities and specialisation in the field of Generation, Transmission and Distribution and with a view to improve the performance of these sectors, it has become essential to run them as separate profit centres. These profit centres would subsequently be corporatised by establishing following entities:
