New Delhi: Private Power Manufacturers and some state transmission utilities appear to make murder by selling electricity in exchanges where the level triples because the generation is lower as a result of coal deficiencies, even when Alok Kumar’s power secretary asks countries to pay attention to the market generator and take legal action if coal-based power plants imported refuse capacity to the pretext.
Data from power exchanges for October 13 shows the manufacturers and company transmission companies sell electricity at Rs 16-18 per unit against the usual level of RS 4-6 previously previously before the power plant unit.
Transmission Corporation from Telangana Ltd and Karnataka Power Transmission Corporation Ltd.
are the top two sellers, each ordered Rs 16 and Rs 15 per unit.
Settling is the third largest seller as a whole and first among private power producers, ordered the price of Rs 16 per unit.
Jaypee Nigre Hermal Power Plant, Raipur Energen, Raigarh Energy Generation Ltd, and Jindal Power Ltd gets Rs 17 per unit.
The highest rates RS 18 per unit ordered by Hindustan Power Ltd., Adani Power Stage-II, and Teesta Phase-III, the latter is a record type for Hydel Power.
Rates on exchange are guided by market principles of demand and offers and depend on the situation at a certain time when the buy / sell offer is done.
Coal deficiency has forced around 5 gigawatt the capacity of the generation to retreat, creating the invasion of buyers on the stock exchange.
30% reduction in imported coal-based generations have worsened the situation.
At last week’s meeting with Tata Representatives, Adani Power, Essar Energy, who had imported coal-based plants, and Gujarat officials, Rajasthan, Punjab, and Maharashtra, who had an electric pact with this plant, Kumar said it was the responsibility of electricity producers to Fuel shares and do not provide the availability of generation capacity on the pretext that “cannot be forgiven”.
He asked the state to use all contractuals and other legal interventions available to rejection of intentional capacity and also carefully to play games by the generator.
“If there are games that are noticed in the seller’s section such as not supplying PPA and sales in the market (IT) must be brought to pay attention to the regulatory commission under the intimacy to the ministry without delay,” he said at the meeting.
Tata Power and Adani Power have closed their plants, each with a capacity of 4,000 MW, in Mundra in Gujarat.
Tata Power said it could not supply the power at the PPA rate because there was a recovery of Rs 2.50 per unit because of the surge in the price of international coal.
Adani Power said he was waiting for coal shares and would be ready to supply power at the pass-through rate as specified in the PPA.