Delhi power price hiked 24% by DERC

Electricity will cost more in Delhi from July one with power regulator DERC today raising domestic tariff by 24.15 per cent for the year 2012-13. 

The Delhi Electricity Regulatory Commission (DERC) Chairman P D Sudhakar said the average hike is 20.87 per cent in all categories and domestic tarrif has been hiked by 24.15 per cent. 

The regulator had in August last year hiked the tariff by 22 per cent hike for all categories of consumers. The tariff was hiked by five per cent in February and by upto two per cent in May this year to adjust the power purchase cost of the distribution companies. 

All the three power distribution companies, BSES Rajdhani Power Ltd, BSES Yamuna Power Ltd and Tata Power Delhi Distribution Ltd have been pushing for a hefty hike citing their "severe" finacial condition. 

with thanks : Indian Express : LINK for detailed news.