Coal IndiaBSE 1.22 % has decided to shift to a pricing system under which customers would be billed on the basis of exact energy content per kilogram of coal in every consignment that is sold to them. New system would be effective from April 1, 2018.
At present, prices of coal is fixed for a range of energy content values in coal which is typically a band based pricing system. Customers pay a certain price per tonne if the heat content lies within these predefined ranges. There are 17 grades at present. new system will bring down the number of bands to 10. Each band would have a definite rate in Rupees or paise for one unit of energy in coal. Billing would be on the basis of this rate multiplied by total energy content in one kilogram of coal for each consignment.