The government of India made an amendment in the Electricity Act, which introduced open access of electricity. Which facilitates the consumers of 1 MW of energy and above eligible to purchase power through an open bidding system. The study was aimed to understand the application and financial implications on different stakeholders like DISCOMs and the consumers themselves. It was backed by the data collected from field based interaction with the major stakeholders. The project was based on reference papers from Prayas and Brookings India. The research closes on the note of way forward to balance out the effects of the policy and mark a decision in the similar direction.