Following the Punjab State Electricity Regulatory Commissioner (PSERC) approving hike in the fuel cost adjustment (FCA) surcharge, the board of directors of the Punjab State Power Corporation Limited (PSPCL) has decided to levy increased surcharge, which has led to a slightly increase in the cost of power in Punjab.
The Punjab State Power Corporation Limited (PSPCL) has notified the September 20 decision taken by the board of directors in which the FCA surcharge was revised at 12p a unit for both metered and unmetered power connections. Earlier, the power corporation was charging 8p a unit from the metered and unmetered connections.
The Punjab State Electricity Regulatory Commissioner (PSERC) had in July this year allowed the corporation to recover a sum of Rs 146.35 crore on account of increase in fuel cost adjustment (FCA) surcharge for power generation. The surcharge was to be levied during the second quarter of current fiscal. Read More