Average electricity cost increased by 71 paise in FY23: Power Minister

 – Gudstory

Average electricity cost increased by 71 paise in FY23: Power Minister – Gudstory

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Union Energy Minister RK Singh said the average power purchase cost increased by 71 paise between FY2012 and FY2013.

In a written reply to a question in the Lok Sabha, the minister attributed the increase in costs to the increase in various early-stage expenses, including increase in transmission and distribution costs.

Asked whether the increase in cost was due to mixing of imported coal, the minister said whether domestic or imported, coal is purchased by thermal power plants separately and as per their requirements and this has been going on since 2009. . Blending Practices in Coal Plants.

The statement mentioned the specific circumstances under which the ministry had recommended the import of coal. The minister said there has been an increase in power demand since July 2021, which means there has been an increase in coal consumption at thermal power plants and stocks due to short supply have increased from 28.7 million tonnes (MT) as on June 30, 2021. Has reduced by approx. 8.1 million tonnes as on September 30, 2021.

Therefore, in December 2021, the ministry advised state gencos and independent power producers (IPPs) to import coal at 4% of their requirements and central gencos at 10% of their requirement during 2022-23.

In January 2023, the ministry directed all Gencos to import coal at 6% to ensure smooth operations till September 2023. This mandate has now been extended till March 2024.

peppermintrecently reported that the power ministry may review its policy of mandating power generation companies to blend 6% imported coal in January.

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Published: 15 Dec 2023, 08:49 PM IST

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