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The new IMPS charges in ICICI bank would be Rs 2.50 for transactions up to Rs 1000.
The power consumption in the state is around 16 times higher than what was earlier, he added.
In all probability a decision would be taken after a high-level meeting on May 2.
A wave of exceptionally hot weather has blasted South East Asia over the past week, sending the mercury as high as 45 degrees Celsius.
The KSEB is supposed to supply electricity to the traction substation in Punalur.
While periods of high temperatures are common in the Sahel at this time of year, the report said that the April heatwave would have been 1.4C cooler 'if humans had not warmed the planet by burning fossil fuels'.
The eco-friendly cooling hack invented by a Thrissur native is effective and could be done for just under Rs 400.
The ministry has projected 260 GW peak power demand this summer.
On Monday, consumption peaked at 11.01039 crore units, with the evening load reaching a record-breaking 5487 MW.
Government authorities said 50 people were missing.