New Delhi: States made substantive savings by participating in the first e-bidding process through the DEEP (Discovery of Efficient Electricity Price) portal for short-term power procurement.
These lower prices discovered through reverse auction in e-bidding process are expected to result in overall reduction of cost of procurement of power in the states and greater transparency in the auction process benefiting the ultimate consumers.
First e-bidding process through DEEP portal for short term power procurement has been concluded for Uttarakhand, Kerala, Torrent Power and Bihar. Power secretary P.K. Pujari said on Sunday the process resulted in substantial savings as prices discovered through e-bidding are significantly lower than prices at which power was procured during the similar period in the last year.
