Patiala – Punjab State Electricity Regulatory Commission (PSERC) on Thursday announced an upward revision in power tariff for the financial year 2018-19 for all categories of consumers in the state by 2.17 per cent and has also increased fixed charges for all categories of consumers by Rs 10 per kilo watt (KW).According to highly placed sources in the PSERC, as per the order the domestic tariff has been increased by 10 to 14 paisa per unit and fixed charges have been increased by Rs 10 per KW. Industrial supply has been increased by 10 to 13 paisa per unit and fixed charges by Rs 10 to 15 per KVA. Sources also said the gross revenue requirement has been assessed at Rs 32,486 crore and there is a cumulative gap of Rs 668.91 crore between revenue receipt and expenditure. The average cost of supply has been assessed at Rs 6.5549 per unit. Total amount of balance subsidy is Rs 4,768.65 crore and this year’s subsidy amount is Rs 8,949.37 crore, thus total subsidy to be paid by Punjab government is Rs 13,718.02 crore. The subsidy amount is to be paid in 12 monthly installments of Rs 1,143.17 crore each in advance.To reduce the burden of fixed cost of 20417 million units of surplus power estimated to be surrendered by the PSPCL during the year, PSERC has decided that any consumption exceeding the threshold limit of maximum annual consumption of the last two years by the industry shall be billed at reduced energy charges.
For more news updates Follow and Like us on Facebook