Consider the following pairs regarding the regulatory framework for electricity in India under the Electricity Act, 2003:

Pairs

1. State Electricity Regulatory Commission (SERC) — Determines tariff for and approves power purchase agreements (PPAs) of distribution licensees procuring power within the state
2. Central Electricity Regulatory Commission (CERC) — Regulates tariff of generating stations owned or controlled by the Central Government and inter-State transmission of electricity
3. Fixed charges (capacity charges) in a Power Purchase Agreement — Payable by the procurer only in proportion to the actual quantum of electricity drawn from the generating station