Power department to pay Rs 39 crore interest to consumers


Power department to pay Rs 39 crore interest to consumers

Power consumers across city will get relief in their power bills as the UT electricity department will pay Rs 39.54 crore as intereston their security deposit accumulated over the years. The decision was taken following the directions of Joint Electricity Regularity Commission (JERC).

The interest amount will be paid in the financial years of 2019-2020, 2020-2021 and 2021-2022. UT electricity department will adjust the interest amount in power bills. It was submitted by the UT electricity department in the power tariff petition submitted before the JERC recently.

Depending on the connection, power consumers have to deposit security between Rs 1,000 and Rs 10,000 while applying for meters.

In 2014, the JERC had turned down the review petition of the electricity department in which it had challenged the decision of commission pertaining to paying interest on security deposit collected from consumer Read More

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