In a development that is expected to benefit the UP Power Corporation Ltd (UPPCL) and its consumers, the Central Electricity Regulatory Commission (CERC) has capped the cost of power to be sold by energy exchanges at \u20b912 per unit, people aware of the issue said.<\/p>\n
The UPPCL had to buy power from the energy exchanges at a price as high as \u20b920 per unit during the nationwide coal crisis in September-October last year. \u201cCommission in exercise of powers under Regulation 51 (1) of PMR 2021 directs the power exchanges until further orders, to re-design, with immediate effect, the bidding software in such a way that members can submit their bids in the price range of Rs0\/kWh to Rs12\/kWh,\u201d the CERC said in its order on April 1.<\/p>\n
The commission noted that such abnormally high price ( \u20b920 per unit), even for a short period, without any significant impact on increase in supply was not only against consumer interest but also eroded the buyer\u2019s confidence in the market\u2019s credibility. <\/p>\n","protected":false},"excerpt":{"rendered":"
In a development that is expected to benefit the UP Power Corporation Ltd (UPPCL) and its consumers, the Central Electricity Regulatory Commission (CERC) has capped the cost of power to be sold by energy exchanges at \u20b912 per unit, people aware of the issue said. The UPPCL had to buy power from the energy exchanges at a price as high as \u20b920 per unit during the nationwide coal crisis in September-October last year. \u201cCommission in exercise of powers under Regulation 51 (1) of PMR 2021 directs the power exchanges until further orders, to re-design, with immediate effect, the bidding software […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-483641","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=483641"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483641\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=483641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=483641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=483641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}