Christmas has arrived early in Telangana, with discoms making it clear on Thursday that there will be no power tariff hike for 2018-19 financial year.
Over 1.2 crore consumers in the state heaved a sigh of relief after the Central Power Discom (CPDCL) and Northern Power Discom (NPDCL) submitted tariff proposals to Telangana State Electricity Regulatory Commission (ERC) for the next financial year on Thursday without increasing power charges for any category. The Annual Revenue Requirement for the year has been pegged at ₹35,714 crore while actual revenue is ₹26,014 crore. The deficit is pegged at ₹9,700 crore.
The discoms have proposed that tariffs for 2017-18 should be retained for the next fiscal. “We submitted the same tariff proposals that were notified by ERC for 2017-18. Electricity charges have been kept at the same level and regarding bridging the deficit, the ERC will take a final call,” G Raghuma Reddy, CMD, CPDCL, told TOI. Read More…
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