World Bank in June 2014 released a study report on India's Power Sector titled 'More Power to India : The Challenge of Electricity Distribution'. Which of the following is/are the key recommendation(s) of the report? 1. Ensure regulatory autonomy, effectiveness and accountability for utilities and regulators. 2. Insulate utilities from State Governments to prevent interference with internal operations. 3. Scrap the Electricity Act 2003 in order to improve the revenue generation of the power distribution companies. Select the correct answer using the code given below:
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