Govt will direct CERC to cap term-ahead market on power exchanges: RK Singh
The government will invoke section 107 of the Electricity Act to direct the electricity regulator to lower the ceiling on power prices in the term-ahead market of power exchanges, power minister R K Singh said.
The order will be given second time in a month as the first directive capping the prices of day-ahead market and real term market at Rs 12 per unit from Rs 20 per unit was given on March 26. With the order all segments of power exchanges will be capped.
