Power tariff touched a fresh decade-high of Rs 18.20 per unit at the spot market on Wednesday as electricity demand mainly for evening hours continues to outstrip supply amid low wind and hydro energy production.
Power tariff touched a decade high of Rs 18 per unit in the spot market on Tuesday due to low hydro and wind energy production and coal shortage at thermal plants.
Power tariff Sunday touched a decade high of Rs 17.61 per unit in the spot market due to low hydro and wind energy production and coal shortage at thermal plants.
Spot power price touched over nine-year high of Rs 14.25 per unit in the day ahead market (DAM) on Indian Energy Exchange for supply on Thursday, mainly on account of higher demand.
In a major relief to the electricity consumers in the state, Haryana Chief Minister Manohar Lal Khattar on Tuesday announced reduction in power tariff on monthly consumption of up to 200 units from Rs 4.50 per unit to Rs 2.50.
Justice (retd) Satyendra Singh Chauhan was administered the oath of office as the chairman of the national capital’s power regulatory body in the presence of Chief Minister Arvind Kejriwal and his deputy Manish Sisodia, but refused to commit to the AAP government’s policy to not hike tariff for 10 years.
Power tariff has been increased by over 2 per cent for domestic as well as industry in Punjab for 2018-19 as the Punjab State Electricity Regulatory Commission sough to bridge Rs 669 crore in revenue and expenditure.
Power tariff in Assam will fall by about two per cent from next month with the regulatory body announcing a cut in energy charges.
Most of the powercompanies that signed MoUs at the 2015 Global Investors’ Meet (GIM) are not interested in investing in Tamil Nadu as they want to sign power purchase agreements (PPA) and do not want to come through the tender process.
In an embarrassment to the Punjab government, promise made by chief minister Amarinder Singh to reduce power tariff for industry to Rs 5 per unit have not been fulfilled once again.