CERC order a relief to companies such as Tata Power

In a relief to companies such as Tata Power, the Central Electricity Regulatory Commission (CERC) has decided to fully compensate firms which use imported coal and ran full capacity to meet demand during the time of energy crisis.

The power regulator’s order, which follows a petition filed by Tata Power, would benefit other power producers in the country.

“In order to ensure that the petitioner maintains and operate its plant to generate power for supply to the procurers in compliance with the directions of the ministry of power under Section 11(1) of the Act, the commission under Section 11(2) of the act is required to compensate the petitioner to cover the cost plus a reasonable margin of profit,” CERC said in its order dated January 3.