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Tuesday, November 2, 2010

New Power Tariff Not Coming Soon

With still no sign of any agreement over the issue of power tariff, officials said the DERC may not announce new tariff plan this year. Sources in DERC said the process of inviting applications from discoms for tariff in 2011-12 has already been started and discoms will be submitting their average revenue requirement petitions soon.
 
The present year's proposed tariff plan has not found favours with the government and discoms. In fact, after the DERC made plans to announce the new tariff, the government in May stayed the order. ''It's a dead issue now and all eyes are on the next year's tariff,'' said an official.

It was earlier hinted that the delayed tariff could be announced by the end of the Commonwealth Games, but with the retirement of then chairman DERC who had mooted the lower tariff, even that is not likely to happen. Sources added that a increase in tariff is likely next year as discoms have crying about a cash flow crisis for months and even gave a presentation to the government highlighting the same.

with thanks : times of India : link in headline above for detailed news.
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