R. K. Singh builds a site to guarantee the availability of power during a time of high demand and high cost

14 Mar 2023

Union power minister RK Singh has launched a portal to ensure greater availability of power during the peak demand season at price higher than the ceiling of rupees 12per unit by certain category of sellers the central government has launched a high price day ahead market (HP-DAM) and surplus power portal (PUSHP), a power ministry statement said.The surplus power portal Is a one of its kinds initiative reflecting the ingenuity ministry of power and regulated distribution companies have tide up long term PPAs per power supply.They have to pay fixed charges even when they do not schedule the power now the DISCOMS will be able to indicate their surplus power in block time\ days\months on the bottle those DISCIMS who need power will be able to requisition the surplus power.The new buyer will pay both variable charge and fixed cost as determined by regulators once power is reasigned the original beneficiary shall have no right to recall as entire FC liability is also shifted the new beneficiary.

Last year the ministry of power after taking note of the fack that on some days the prices in the electricity exchange had gone up to Rs20 had given directions to the CERC to put a price cap of  Rs12 on the exchange so that there is no profiteering.

The more rationalize the price for buyers because of the high price of gas in the international market the electricity made by using gas was expensive more than rupees 12 per unit and this capacity could not sold on the market.