Does the Electricity Act, 2003 leave any regulatory residue outside the Central and State Regulatory Commissions once electricity has been unbundled?

Paragraph 9We have considered the rival submissions made on both sides and have perused the record. In PTC India Ltd. v. Central Electricity Regulatory Commission[^3], a Constitution Bench of this Court has held that the Electricity Act is an exhaustive code for all matters concerning electricity. In Southern Power Distribution Company of Andhra Pradesh Ltd. & Anr. v. Green Infra Wind Solutions Ltd. & Ors., 4 reiterating the same position, this v. Chief Secretary, Government of Karnataka and Others, (2016) 2 SCC 653 and Kunga Nima Lepcha & Ors. v. State of Sikkim & Ors, (2010) 4 SCC 513. Court held that after the unbundling of electricity and the constitution of the Central and State Regulatory Commissions, there is no unallocated regulatory residue left outside the regulatory bodies. Section 79 of the Act delineates the functions of the Central Commission. Section 79(3) provides that the Central Commission shall ensure transparency while exercising its powers and discharging its functions. Section 86 of the Act deals with the functions of the State Commission. Section 86(1)(f) mandates that the State Commission shall adjudicate upon the disputes between the licensees and the generating companies and refer any dispute for arbitration. Section 86(3) of the Act mandates the Commission to ensure transparency while exercising its powers and discharging its functions. Section 94 deals with the powers of the Appropriate Commission. Section 94(3) empowers the Commission to authorise any person, as it deems fit, to represent the interests of the consumers in the proceedings before it. It is necessary for the High Court to consider the regulatory regime contemplated under the Act before passing the final order.