Nod for 15-30 paise per unit power tariff hike in Karnataka

Nod for 15-30 paise per unit power tariff hike in Karnataka

Agency News

Bengaluru, May 30 : Karnataka Electricity Regulatory Commission (KERC) on Thursday announced hike in power tariff between 15 and 30 paise per unit with effect from will be effective from April 2019.
Addressing a press conference here on Thursday, KERC chairman Shambhudayal Meena said the average increase in tariff (including the fixed charges) is 33 paise per unit, accounting for an overall increase in tariff by 4.8 per cent.
He said that the tariff increase was necessitated due to increase in power purchase cost by 16 per cent, increase in operation and maintenance cost by 20 peer cent, increase in interest and finance charges by 12 per cent, increase in Depreciation by 22 per cent and among other things, carry forward of deficit of FY 18 (due to truing up) of Rs 2,192.33 crore.
He said that the revision is applicable to all the Electricity Supply Companies (ESCOMs) and Hukeri Rural Electricity Cooperative Society in the State. The Commission has also increased the tariff for consumers of Mangaluru Special Economic Zone (MSEZ) and AEQUS SEZ in Belagavi district.
The ESCOMs had sought a tariff hike ranging between Re 1 to Rs 1.67 per unit for all categories of consumers. (UNI)