CERC retains ceiling of Rs 12/unit on electricity on spot power exchanges
NEW DELHI (Reuters) – India’s power regulator on Wednesday retained a price cap of 12 rupees ($0.1450) per unit on electricity traded on its spot power exchanges ahead of expected record energy demand in the coming summer months.
The Central Electricity Regulatory Commission (CERC) issued the order on Wednesday for extended retention of the ceiling “until further orders”, citing consumer interests. The move could effectively keep costlier imported coal and gas-based power generation out of the spot market.
