In what ways can the Central Electricity Regulatory Commission help in improving the function of the power utility? Discuss the role of CERC in tariff setting

The Central Electricity Regulatory Commission (CERC) plays a pivotal role in regulating and overseeing the power sector in India. Its functions extend to improving the functioning of power utilities by ensuring fair practices, promoting competition, and maintaining the financial viability of the sector. One of the key areas where CERC contributes significantly is in tariff setting, which is crucial for the sustainable operation of power utilities. Here, we will discuss the ways in which CERC can help improve the function of power utilities and elaborate on its role in tariff setting:

1. Transparent Tariff Setting: CERC's primary role in tariff setting is to ensure transparency and fairness. By conducting public hearings, consulting stakeholders, and adopting a consultative approach, CERC ensures that tariffs ________ _________ _________ ________ _______ _______ ___ ___ ________ ____ _______.
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