CERC caps spot power price at Rs 12 per unit

In a suo motu order issued by the CERC, the regulator has capped the prices of spot power traded on the exchanges at Rs 12 per unit, in view of extreme volatility in prices amid rising power demand. The CERC has directed the power exchanges to redesign the bidding software in such a way that members can submit their bids in the price range of Re 0 per kWh to Rs 12 per kWh for the day-ahead market (DAM) and real-time market. The CERC is of the view that this price moderation will not have any significant impact on the volume transacted and safeguard consumer interest.

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