(1) In these Regulations, unless context otherwise requires,-
(a) “Act” means the Electricity Act, 2003 (36 of 2003);
(b) “applicant” means a person who has made an application to the Commission for grant of licence for intra-State trading;
(c) “electricity trader” means a person who has been granted a licence under the Act for undertaking intra-State trading, and distribution licensees, including the persons mentioned in 3 rd and 5 th provisos to section 14 of the Act when they undertake intra-State trading;
(d) “Intra-state trading” means buying and selling of electricity by an electricity trader within the State of Himachal Pradesh.
1 Published in R H.P. dated 23 rd July, 2008 at p. 2770-2773.
2 Compendium of HPERC Regulations, March 2021
(e) “net-worth” means net worth as defined in the Companies Act, 1956 (1 of 1956).
(2) Words and expressions which are not defined in these Regulations shall have the same meaning as are assigned to them in the Act and the Himachal Pradesh Electricity Regulatory Commission (General Conditions of Trading Licence) Regulations, 2004.