Power outage threat looms large as defaulting states barred from power exchange

Trading in the power exchanges was extended for two hours on Thursday upon request of various state governments. However, most of them could not participate in the day-ahead trade. Officials in some of these states said they are working with the power plants to pay the dues while a few are expected to move courts against the Centre's Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified in June.

from Energy-Industry-Economic Times https://ift.tt/xiQDJpv