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- The Central Electricity Regulatory Commission (CERC) has approved higher tariff for Adani Power’s 2,000 megawatt (MW) capacities at its Mundra power plant.
- The power plant was facing hardships after compensatory tariff was disallowed by the apex court in April 2017.The power plant had got into trouble due to unforeseen hike in Indonesian coal prices.The Mundra plant in Gujarat is an imported coal-based plant.
- Central Electricity Regulatory Commission (CERC) is a key regulator of power sector in India.It is a statutory body functioning with quasi-judicial status under the Electricity Act,2003.
- The functions of CERC includes (a)regulation of tariff of generating companies owned by the Government (b)regulation of the tariff of other generating companies having a composite scheme for generation and sale of electricity in more than one State and regulation of inter-State transmission of electricity.
