Coal India to charge customers on energy content in coal | The Economic Times

In technical terms, coal price will be based on Rupees per kilo calorie — that is Rupees per unit of energy.

“It is a global system of coal pricing and we would put in place systems for measuring energy content for each consignment. It will lead to financial benefit for customers who pay for what they get,” said Coal India chairman, Gopal Singh.

“If one looks at the new price coefficients, the pricing graph will look much linear and simpler compared to the previous practice. This enables coal consumers to calculate the basic price of non-coking coal of any mine of CIL based on its energy content and that makes the pricing system much simpler and transparent,” he said

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Coal India to charge customers on energy content in coal – The Economic Times.