CERC extends ceiling of Rs 12 per unit across all market segments on spot power exchanges

The Central Electricity Regulatory Commission (CERC) has extended the price cap of Rs 12 per unit across all market segments traded on the power exchanges until further orders. It is observed that both the energy requirement and peak demand remained higher in 2022-23 and the trend is likely to continue in the coming months mainly due to lighting and heating load, and increase in industrial activity. Notably, the CERC had introduced a price ceiling in April 2022, which was extended twice and was to expire on December 31, 2022.