‘Trade parity pricing for energy sources in phased manner’

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New Delhi, Oct 6: said, “The nuclear deal does open up slightly different possibilities but in the foreseeable future, in the next 20-30 years the contribution that nuclear energy will make will depend on how much we are able to import. In any case, it will be of modest proportions compared to our total needs. So the emphasis we make is on sensible policies and that pricing should be consistent and having uniformity across the energy sector. We are saying price these things properly,” Parikh said.

Relative prices play the most important role in choice of technology, fuel and energy form, Parikh stressed: “In a competitive set up, the marginal use value of different fuels, which are substitutes, should be equal at a given place and time so that the prices of different fuels at different places do not differ by more than the cost of transporting the fuels. The resulting inter-fuel choices will then be economically efficient.”