good news…! Electricity prices will fall, government initiates preparations.

good news…! Electricity prices will fall, government initiates preparations.

The information that the central government is currently working towards reducing the cost of electricity in the country has come to light recently. For which the thermal energy production schedule is going to change. The Energy Ministry has declared Merit Order on this subject in July and has invited opinions from all sides.

The thermal power generation in the country is 344 gigawatts and Akshaya energy capacity is 70 gigawatts. In which the demand is more than 173 GW. Due to not having any deal to buy energy, expensive electricity has to be purchased from outside. Which directly impacts customers.

Positive feedback given by all parties

In order to resolve the costly electricity, the Ministry of Energy has invited opinion from CRC, CEA and the state’s energy secretaries on August 1, on the merit order declared on July 17. Due to the positive response to this matter, the cost reduction and similarity has been shown by the power companies. This system will be implemented in the form of a government trial in the next one year and will then take further steps to reconsider.

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