Govt draws up plan to reduce power tariffs


Govt draws up plan to reduce power tariffs

Regulators will soon be asked to determine for passing on to consumers the savings made by generation (genco), transmission (tranco) and distribution (discoms) companies from a new payment security mechanism, a move that is likely to lead to a drop in tariffs or avoid the need for upward revisions.

Power minister R K Singh has approved the measure in line with the discussions at last month’s conference of state power ministers at Narmada in Gujarat. Sources said a formal directive to central and state tariff regulators to draw up an appropriate rebate mechanism is likely to be issued shortly. Read More

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