First e-bidding process through DEEP launched in 3 states
Q. What does DEEP stand for with respect to power procurement?- Published on 23 May 16a. Discovery of Efficient Electricity Price
b. Discovery of Effective Electricity Price
c. Discovery of Electric Efficient Prices
d. None of the above
ANSWER: Discovery of Efficient Electricity Price
First e-bidding process through the recently launched DEEP (Discovery of Efficient Electricity Price) e-bidding portal for short term power procurement has been found by Uttarakhand and Kerala and for the State of Bihar. The early adoption of the e-bidding portal has resulted in substantial savings as price discovered through e-bidding are significantly lower than the prices at which power was procured during a similar period in the last year.
