The Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu, has tabled the Electricity (Amendment) Bill, 2022 for first reading. The Bill seeks to amend the Electricity Act, Cap. 145 to among others increase funds allocated to the Electricity Regulatory Authority (ERA) from 0.3 percent to 0.7 percent of the revenue received from generated electrical energy. This is intended to ensure that the Authority has adequate funds to regulate the electricity industry. The Bill also proposes to provide for additional functions of ERA and to empower the Authority to impose fines on licensees for breach of the terms of the license before taking a drastic decision of suspending or canceling a license and providing for deterrent penalties for theft of electricity and vandalism of electrical facilities. The Deputy Speaker, Anita Among, referred the Bill to the Committee on Environment and Natural Resources for scrutiny. In accordance with the Parliament Rules of Procedure, the Committee is expected to consider the Bill and report to the House in not more than 45 days. Upon its enactment, the law will empower the line Minister to prescribe the procedure for transfer of generation assets to the Government and prescribe the circumstances under which a holder of a generation license or transmission license may supply electricity to persons other than a bulk supplier. The Bill is intended to remove inconsistencies in the law, introduce flexibility in its implementation and to streamline operations of the electricity sector by among others removing monopoly of the bulk supplier of electricity.Distributed by APO Group on behalf of Parliament of the Republic of Uganda. Send us your press releases to pressrelease.zawya@refinitiv.com © Press Release 2021 Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
