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Fair or unfair? Men with a view on Adani, Tata compensatory power tariff

S Jayaraman, a former member of the Central Electricity Regulatory Commission (CERC), is a happy man. The retired official was perhaps the sole member against granting a compensatory tariff of any kind to Adani Power and Tata Power. “In my view, there is no scope either under the Power Purchase Agreement (PPA) to establish a grant relief mechanism to the petitioner as prayed for. The petition lacks merit and is liable to be dismissed,” Jayaraman wrote in a 15th April 2013 note dissenting to a CERC decision to allow for a compensatory tariff. Jayaraman was part of a five-member team from CERC who decided on the matter. Early this month, the Supreme Court (SC) ruled against allowing for a compensatory tariff for the two companies on the groun.....

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