The coal ministry, accepting the demands of the power ministry, has agreed to re-draft the Bill for a regulator for the coal sector by seeking to empower the watchdog to fix prices of coal and including a member from the power sector as a member in the regulatory mechanism.

The Coal Regulatory Authority Bill, 2012 being re-drafted will now be equipped to fix prices of various grades of coal apart from determining the methodologies and policies for finalising prices of both raw and washed coal in line with their calorific values.