Flip-flop by Delhi power regulator
Delhi Electricity Regulatory Commission issued an order, in its usual lucid, transparent fashion, that the Power Purchase Adjustment Charge is being revised up.

We had not received cost information from the suppliers, explained DERC, while dismissing the charge that the rollback was the result of a rap on the knuckles from the powers that be, given that Delhi is headed for polls. How did DERC estimate that a PPAC adjustment was needed, if it did not have the relevant cost information? And why did the DERC spokesman sport double rows of Band-Aid on his knuckles?
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