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CERC Retains Market Clearing Price Cap of ₹12/kWh in Exchanges for Now

The decision comes in the wake of the increase in electricity demand

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The Central Electricity Regulatory Commission (CERC) passed a suo motu order retaining the ₹12 (~$0.14)/kWh price cap on power exchanges till further notice to ensure that prices didn’t rise disproportionately as a result of the increasing lighting and heating needs along with industrial activity in the north and northwestern India due to intense cold weather.

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