DERC To Hold Public Hearing On Power Tariff Hike In Delhi Tomorrow

DERC To Hold Public Hearing On Power Tariff Hike In Delhi Tomorrow

The Delhi Electricity Regulatory Commission (DERC) will on Thursday hold a public hearing on power tariff increase petitions filed by state distribution companies.

There has been no rise in power tariffs in Delhi in the last two years, the last such increase was 5 per cent in 2014. The tariffs prescribed in this order was applicable for FY 2015-16. There was no tariff order for FY 2016-17.

As per the process, the Commission will analyse the expenses and revenue requirement of the power utilities, including the discoms. It had invited suggestions and objections from stakeholders on the petitions filed by discoms for increased expenses for FY 2014-15, FY 2015-16 and Aggregate Revenue Requirement (ARR) & Tariff for FY 2017-18.

In this financial year, Bihar announced a 20.4 per cent power tariff hike, Jharkhand 12.24 per cent, Madhya Pradesh 9.48 per cent and Karnataka 8.10 per cent.

Delhi discoms claim a total revenue gap of over Rs 34,000 crore in 2015-16 as a result of a non-cost reflective tariff over past many years.

The estimated revenue requirement submitted by the three discoms for 2017-2018 is —  Rajdhani Power at Rs 9,052 core, BSES Yamuna Power at Rs 4,892 crore and Tata Power Delhi Distribution at Rs 7,680 crore.

Source Link – The Economics Times

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