Namma Metro gets a tariff cut, but no move to lower fares


Namma Metro gets a tariff cut, but no move to lower fares

In a bonusfor the Bangalore Metro Rail Corporation Limited (BMRCL), the Karnataka Electricity Regulation Commission (KERC) has reduced tariff by Re 1 per unit, but this is unlikely to be passed on to Namma Metro commuters.

Until Monday, BMRCL paid Rs 6 per unit of electricity consumed, but that will now be reduced to Rs 5 with retrospective effect from April1.

Mahendra Jain, managing director, BMRCL, revealed Namma Metro expends about Rs 5.5 crore on electricity and the reduction will save the company about Rs 65 lakh per month, considering Namma Metro uses about 65 lakh units of electricity every month.

“The tariff reduction is very welcome,” Jain said. “It is an environment-friendly move to incentivise electricbased mobility solutions. Our operational expenses are rising mainly on account of higher security, higher staff costs, longer operational hours during off-peak hours, apart from others.” Read More

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