STOCK MARKET BSE NSE

Residents to Pay for Rise in Power Tariffs

Published: 11th February 2015 06:00 AM  |   Last Updated: 11th February 2015 03:37 AM   |  A+A-

PUDUCHERRY: The Puducherry Electricity Department (PED) has proposed to enhance power tariff as part of the  introduction of  the multi-year tariff system from 2015-2016 to 2017-2018. The tariff has been proposed to be increased for all categories of consumers for all the three years.

This is despite the fact that in the current year (2014-2015), PED earned a surplus revenue of  `9.45 crore from the existing tariff, according to the petition filed before the Joint Electricity Regulatory Commission for the Union Territories and  Goa. While its aggregate revenue requirement is `1133.27 crore, the revenue from tariff, excluding surcharge, has been `1133.27 crore this  year.

However, PED has sought approval to the proposed enhanced tariff in order to recover almost the entire gap of `694.17 crore during the period from 2013-2014 to 2017-2018. Along with a  carrying cost of  `19.02 crore  in 2013-2014 and 2014-2015, the total revenue gap has been projected at `713.20 crore. Through the enhanced tariff, PED has proposed to get an additional revenue of `714.88 crore.

The PED has proposed an increase of 7 per cent energy charges for 2015-2016, 10 per cent hike in energy charges in 2016-2017 and 2017-2018. Further, it would also separately seek approval of JERC for levying  additional surcharge on case-to-case basis.

Meanwhile, the PED has also planned to take up infrastructural workers in order to strengthen the distribution system. New meters and billing equipments, plant and machinery, lines and cables as well as office buildings, equipment, vehicles would be added during the period.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp