Similarly the functions of CERC are specified under section 79 and that of SERC under Section 86 of the IE Act. According to Section 86( 3), the State Commission shall ensure transparency while exercising its powers and discharging its functions and Section 86( 4) says “in discharge of its functions, the State Commission shall be guided by the National Electricity Policy, National Electricity Plan and tariff policy published under section 3” The Electricity Act, National Electricity Policy and Tariff Policy ensure and stress the financial viability and financial security of the licensee for delivering its duties and responsibilities entrusted to it.