Following prime minister level bilateral agreement between India and Bhutan, both the countries have finally signed tariff protocol for the output of 720 Megawatt Mangdechhu hydropower project.
In a move that may set a precedent and raise electricity tariffs, India’s apex power sector regulator on Friday approved the revised power purchase agreements (PPAs) for billionaire Gautam Adani’s promoted Adani Power Ltd’s Gujarat plant on account of the unexpected increase in the prices of imported coal.
A hike in the latest tariff slabs, which was announced earlier this year, came into effect on April 1 in Uttarakhand. The new tariff structure was finalised with an increase of 2.79% in power and by over 9% in water bills.
Power industry experts have hailed the new tariff regulations announced by the central electricity regulator for the period between 2019 and 2024, welcoming several new guidelines.
Tardiness in tariff filings and inadequate tariff revision proposals negative for the power sector: ICRA
Median tariff revision on an all India basis was subdued at 3% and 1% for FY2018 and FY2019 and it is likely to remain at similar levels for FY2020, ratings firm ICRA has predicted.
Uttar Pradesh Power Corporation will get 40 paise per unit cheaper electricity from Prayagraj Power Generation Company’s plant at Bara in Prayagraj district, which will translate into savings to the tune of Rs 500 crore annually.
After the directions of the Joint Electricity Regulatory Commission (JERC), the UT electricity department has submitted revised details of power projects along with its deadlines.
Rural and urban domestic consumers, drawing power from Jharkhand Bijli Vitaran Nigam Ltd (JBVNL), the state owned power distribution company, will have to bear the brunt of a hike in power tariff, with effect from April 01,
In the face of opposition from rivals in the state assembly over inflated power bills, the state government is likely to defer the scheduled hike in tariffs till the Lok Sabha elections. If it happens, it would not be the first time that the state government does so in an election year.
In a major relief to nearly 1.5 crore power consumers in the state, the Bihar Electricity Regulatory Commission (BERC) has refused to hike tariff for fiscal 2019-20.