Stop using the consumer as a fig leaf

Last week the apex power regulator, the Central Electricity Regulatory Commission (CERC), ruled that Adani Power Ltd will be allowed to temporarily increase tariffs to compensate for the additional fuel costs it had unexpectedly incurred on the coal imported from Indonesia. From within the Commission and elsewhere, justifiably or otherwise, there were howls of moral indignation about the decision, especially since the company had specifically ignored an automatic escalation clause in its winning contract to supply power to two state electricity utilities.

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