Price pooling of coal is a bad idea

The decision by the Cabinet Committee on Economic Affairs to, “in principle”, approve the price pooling of imported and domestic coal to be supplied to power plants may be described as a temporary step, but is nonetheless one in a dangerous direction. The details are yet to be worked out – they need to be “fitted to the principles” according to one report – but the choice now, essentially, is between a bad outcome and a terrible outcome.

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