As several states faced power shortage due to dwindling coal stocks, Himachal not only remained unaffected but also earned good profit over the last month.
The official said the power rate jumped to the highest permissible limit of Rs 20 per unit on several occasions. The price usually fluctuates between Rs 2.50 and Rs 6, but for at least 10 days in October the Average price range has been Rs 11-14 a unit. The past few weeks have indeed been profitable, he said. Much of the surplus power is going to the energy exchange. We dont have many bilateral power pacts where the price remains fixed. The exchange is market driven and rates are fixed as per demand and supply on a daily basis, the official said.