Power tariff set to soar in Delhi

New Delhi, June 25: 

 

 
Delhiites may soon see a major hike in their electricity bills. 

The Chief Minister of the National Capital, Ms Shiela Dikshit, said on Monday that power distribution companies would soon revise the electricity tariff. 

The three private distribution companies - Tata Delhi Power, BSES Rajdhani and BSES Yamuna – have sought a tariff hike of 18 per cent, 20 per cent and 27 per cent, respectively. 

Last year, the Delhi Electricity Regulatory Commission (DERC) had allowed the companies to raise tariff by 22 per cent. 

However, the tariff increase allowed last year was not enough to cover the gap of Rs 6,000 crore spent by the three distribution utilities. 

They could cover only Rs 1,200 crore in the first year and the remaining Rs 4,800 crore was to be collected over next three years. 

The private discoms have now demanded a hike excluding last year’s losses. 

According to industry watchers, DERC may allow a tariff increase of around 20-22 per cent. 

Meanwhile, BSES Yamuna Power Ltd (BYPL) on Monday said it would invest Rs 16 crore to set up a 66/11 kV grid substation. 

“With an initial capacity of 50 mVa, which can be ramped up to 75 mVa, this grid sub-station will provide relief to over one lakh customers in areas such as Mayur Vihar Phase III,” it said in a statement. 

with thanks : Business Line : LINK