GRIDCO’s power purchase mess: OERC safeguards consumers’ interest

As per GRIDCO’s own submission to OERC in a tariff hike application (ARR) filed for next year, it has surplus power to the tune of 7037 Mus. GRIDCO has incurred losses of Rs 430 Cr on marginal cost of sale of such surplus power into the power market in 2021-22 fiscal year.