CERC extends price cap on power exchanges till September 30

The Central Electricity Regulatory Commission (CERC) has extended Rs 12 per unit price ceiling in all market segments of power exchanges by three months. The earlier order lowering the price cap from Rs 20 was in force till Thursday.

“The commission in order to protect consumer interests, has decided to extend the applicability of the aforesaid Order dated 06.05.2022 in Petition No. 05/SM/2022 (Suo Motu) till 30th September, 2022,” an order issued on Thursday said.