SAI BHASKAR IRON LTD. vs A.P.ELECT.REGUL.COMMISSION .

The Supreme Court ruled that the A.P. Electricity Regulatory Commission's tariff orders must comply with the provisions of the Electricity Act, 2003, particularly Sections 61 and 62, which mandate that tariffs should be determined in a transparent manner and reflect the cost of supply. The Court emphasized the need for regulatory bodies to ensure fair pricing and protect consumer interests while balancing the financial viability of electricity suppliers. The appeals were dismissed, affirming the Commission's orders as valid and lawful.