With the Supreme Court giving the go-ahead to discoms and stressed power companies — Adani group and Tata Power — to appeal for amendment in power purchasing agreement (PPA) of Mundra projects, it is likely for the consumers to bear the brunt of higher power tariffs, should the Central Electricity Regulatory Commission (CPEC) agree to recommendations made by a high-powered panel.
The top court on Monday allowed the discoms and stressed power companies to seek amendment in purchasing power agreement (PPA), which may also include passing the burden of higher fuel prices to consumers. As per news agency PTI, if the CPEC implements the recommendations made by the panel, electricity prices will go up in Gujarat, Haryana, Maharashtra, Punjab and Rajasthan.
The Supreme Court, however, also said that the consumers can challenge the higher power tariff as per the law. Read More