If you think your power bills are too high, here's some bad news: Get set to pay even more. Power regulator Delhi Electricity Regulatory Commission has paved the way for a hike by sending fresh advice to the Delhi government which states that the current tariff was not ``cost-reflective'' and power companies were suffering under-recoveries of 30% to 50%.
This comes less than six months after then-chairman of DERC, Berjinder Singh, had advised the government that discoms were misrepresenting their financial state. In May, the government had intervened to stop a tariff announcement by DERC which is rumoured to have recommended a reduction in power rates. Singh retired in September.
Within 24 hours of receiving the regulator's latest advice, the Sheila Dikshit government responded by not just accepting it but saying it validates concerns raised by the government on the discom's financial conditions. The government had invited the high court's ire for meddling in tariff fixation policies earlier this year and halting the May tariff announcement.
The new advice also spells victory for the city's three power discoms BSES Rajdhani, BSES Yamuna and NDPL who have been fighting for higher tariff for a long time.
with thanks : Times of India : link above for detailed news
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