In defence of the power regulator

Over the weekend of 21 February, the Central Electricity Regulatory Commission (CERC), the apex power sector regulator, allowed two power companies to increase their tariffs as compensation for the additional fuel costs accruing on account of increase in the prices of imported coal. It was a long pending case where Tata Power Co. Ltd and Adani Power Ltd had appealed to CERC for easing the price cap they had previously committed to for delivering power to the local discoms to accommodate the increased cost of coal imports.

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