Control the fallout of the price we pay for price controls | Prof. Vidya Mahambare writes for LiveMint

The article highlights that on the surface, energy price subsidies and ceilings may appear to be good policy, something that is easy to sell to the electorate. But, over time, utility companies accumulate large losses. Cross-subsidization through the government’s use of other funds becomes untenable. It leads to sharp upward price revisions that often put household budgets under sudden strains.