PSPCL’s power purchase cost set to head north this season
Following stringent guidelines set by the Union Ministry of Power, the average power purchase cost of Punjab State Power Corporation Limited (PSPCL) is all set to rise this season.
The new norms, which will come into effect next month, ensure that those “with enough finances at hand can buy additional power” while those under subsidy burden will face tough times.
The average market price for the power purchase in financial year 2021-22 was Rs 4.62 per unit and this increased to Rs 6.32 per unit in January 2023.
The price of power in the market has increased sharply due to various reasons. It might rise further in the coming two months, ahead of the paddy season that starts in June.
