Electricity tariff increase announced in Punjab. The increase in the power tariff of Punjab has been announced. On Monday, the commission has announced 9.33 % increase. Power tariffs are set to go up in Punjab with the regulator PSERC today announcing a 9.33 per cent hike in electricity rates for 2017-18.
Addressing reporters here, Sidhu said the consolidated gap of Punjab State Power Corporation Limited was worked out at Rs 2,522.62 crore against power utility’s proposal of Rs 11,575.53 crore. “To cover this revenue gap for financial year 2017-18, an overall increase of 9.33 per cent is required over the existing tariff,” said Sidhu while announcing the multi-year tariff for the year 2017-18 to 2019-20. In addition, domestic power tariff has been increased from 7% to 12%, while commercial electricity rates have been increased from 8% to 10%.Domestic growth –
0-100 units – 46 paise (10.18% increase)
101-300 units – 41 paise (6.68%)
301-500 units – 59 paisa (8.99%)
Above 500 units – 80 paise (12.20%)
Household supply (50 KW – 100KV) – 80 paise increase
Above 100 kW – 80 paise increased
Industrial small unit – 65 paise increase rate of 11.88%
Medium unit – 58 paise up 9.68%
Large unit – 54 paise increase of 8.50%For industrial sector, the power tariff has been increased by 8.50 per cent to 12 per cent while for commercial category, the electricity rates have been jacked up by 8 per cent to 11 per cent, the PSERC chairperson said. The power regulator has also abolished the surcharge of 10 paise for continuous process industry and the time of day tariff rebate for the industry has been increased from Rs 1 per kVAh to Rs 1.25 per kVAh. Time of day tariff has also been extended to NRS/ bulk supply consumers, she said. The power incentive will be effective from November month. With this increase consumers are more likely to be burdened with multiple loads on the pocket.The power subsidy burden for the year 2017-18 has been estimated at Rs 10,970 crore including free power to farmers and arrears of Rs 2,800 crore. However, the subsidy burden does not include the subsidised power at the rate of Rs 5 per unit to industrial category which has been announced by the Congress-led government in Punjab. The benefit of subsidised power at Rs 5 per unit to the industry was yet to be worked out, said the PSERC chairperson.Within two-part tariff structure, the Commission has decided to have a reduced variable energy charges for incremental consumption above the highest limit achieved in last two years. The total income from the new tariff for PSPCL has been worked out at Rs 28,910 crore, Rs 30,241 crore and Rs 31,739 crore for 2017-18, 2018-19 and 2019-20 respectively.
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