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Introduction of two time zones would be a very small step in facilitating efficient use of resources in the power sector. But today every little bit would help

The deficit in supply of electricity against demand in the country is affecting the economy adversely. While estimates of the cost of electricity shortages vary from 0.5 per cent to 1.5 per cent of the GDP, even more serious is the enormous loss of human welfare on account of an erratic and unreliable supply of power. While official figures indicate a peak shortage of 13.9 per cent and energy shortages amounting to 9.3 per cent, the recent performance of the power sector does not provide any assurance that relief is in sight. One basic flaw lies in the sole emphasis on adding supply capacity without adequate regard to bringing about efficiency improvements and implementing measures for demand management.

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