CCEA approves clubbing all coal e-auctions
The Cabinet Committee on Economic Affairs (CCEA) on Saturday approved a single spot e-auction window by coal companies for all consumers, resulting in uniform market-discovered price for the same grade of coal.
Presently, the coal market is segmented and regulated and consequently there are many different market discovered rates for the same grade of coal in each segment of market. Segmentation with rate differentiation results in coal market distortions, an official statement said.
