Under the BJP government, UP’s power sector is on the revival path. After dithering for years over implementation of bold measures to bridge the revenue gap and restore UP Power Corporation Ltd’s financial health, the state has decided to bite the bullet on tariff increase for non-industrial consumers.
The Delhi Electricity Regulatory Commission (DERC) will on Thursday hold a public hearing on power tariff increase petitions filed by state distribution companies.
The government has asked states to stop accepting electricity bill payments in cash and move to digital mode, a move that can be a giant leap towards a cashless economy as power worth lakhs of crore is consumed every year.
Two months ago, Rajasthan rolled back a hike in power tariff on agricultural connections imposed in September last year. The hike had been opposed by both consumers as well as non-Bharatiya Janata Party (BJP) political parties.
Tata Power, India’s largest integrated power company, announced that the Company’s generation crossed 51,000 Million Units (MUs) of power for the first time, collectively from all its power plants in the year 2016-2017.
The Punjab government today ruled out any hike in power tariff in the state.
In a statement here, Punjab Irrigation and Power Minister Rana Gurjit Singh said that there was no question of going back on the Congress’ poll promise of providing affordable power.
Global prices of solar modules, a key component in setting up solar power plants, could fall by as much as one-fifth this year, companies and analysts say.