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The Central Government's draft National Electricity Policy (NEP) is poised to benefit the Kerala State Electricity Board (KSEB) but could negatively impact domestic consumers, who make up 70% of users in the state. The policy allows KSEB to adjust power tariffs with less regulatory oversight, potentially leading to significant increases for consumers as the Board seeks to recover over ₹6,000 crore in regulatory assets by April 2031. Experts recommend that KSEB enhance operational efficiency and invest in domestic power generation to mitigate costs and improve supply reliability.