Following a recent verdict by the apex court allowing the Adani and Tata groups to get ‘compensatory tariff ’ due to increase in the prices of imported coal, the cost of power is all set to escalate in all partner states, including Punjab and Haryana.
Both Punjab and Haryana buy power from independent power producers.
In 2013, the Central Electricity Regulatory Commission (CERC) had allowed ‘compensatory tariff’ in addition to the current tariff for IPPs due to increase in the prices of imported coal.
However, the states buying power from IPPs moved the court claiming that they had entered into long-term power purchase agreements with their respective power corporations and the clauses of the same did not allow any change in tariffs. Read more