E-bidding helps cut power tariff in some states

The powerministry’s move to channel procurement of short-term power by states through reverse auction on its e-bidding platform appears to be paying off.

The first round of bidding on the DEEP (Discovery of Efficient Electricity Price) portal has seen tariffs go down by more than a third from a year-ago. Uttarakhand, Kerala, Bihar and private discom Torrent Power kicked off the DEEP bidding process, with Kerala discovering a price of Rs 3.14 per unit, the lowest for May in the slot of the day, against Rs 4.70 per unit paid for roundthe-clock supplies a year ago.