Regulator sets up panel to work out compensatory rates in a month; stocks of all power firms light up

In a landmark order, the Central Electricity Regulatory Commission (CERC), the country’s power sector regulator, has allowed a “compensatory tariff” for Adani Power’s imported-coal-based power project in Mundra, Gujarat. The Gautam Adani-led company had sought a revision in tariff, citing increased capital cost, since a recent change in regulation governing coal imports from Indonesia had made the fuel dearer.