NEW DELHI: The recent power tariff revision has raised the price of electricity for Delhiites but discoms continue to complain about the quantum of hike allowed by Delhi Electricity Regulatory Commission (DERC).
In a letter to the Delhi government last week, Tata Power Delhi said the surcharge of 8% to recover dues was insufficient. It has asked the government to act quickly on its request for capital infusion of Rs 250 crore, claiming the liquidity crisis would continue for a few months despite the tariff hike and surcharge. The amount will be matched by parent company Tata Power. "We wish to clarify that the recent tariff revision announced by DERC would certainly make the tariff cost reflective. However, the 8% surcharge allowed by DERC would be barely sufficient to cover the past revenue gap of approximately Rs 4,265 crore as on end-June, 2012. Thus, the liquidation of revenue gap would take a longer period and till that period, we would be required to borrow to repay the principal and accrued interest,'' reads the letter, written by chief financial officer Ajay Kapoor to the government's power department.
The power regulator last month announced new electricity tariff across domestic, commercial and industrial categories.
While the overall increase in tariffs is a high 20.87%, domestic category consumers have been hit the hardest with a steep tariff increase of approximately 26%.
with thanks : Times of India : LINK : for detailed news.
In a letter to the Delhi government last week, Tata Power Delhi said the surcharge of 8% to recover dues was insufficient. It has asked the government to act quickly on its request for capital infusion of Rs 250 crore, claiming the liquidity crisis would continue for a few months despite the tariff hike and surcharge. The amount will be matched by parent company Tata Power. "We wish to clarify that the recent tariff revision announced by DERC would certainly make the tariff cost reflective. However, the 8% surcharge allowed by DERC would be barely sufficient to cover the past revenue gap of approximately Rs 4,265 crore as on end-June, 2012. Thus, the liquidation of revenue gap would take a longer period and till that period, we would be required to borrow to repay the principal and accrued interest,'' reads the letter, written by chief financial officer Ajay Kapoor to the government's power department.
The power regulator last month announced new electricity tariff across domestic, commercial and industrial categories.
While the overall increase in tariffs is a high 20.87%, domestic category consumers have been hit the hardest with a steep tariff increase of approximately 26%.
with thanks : Times of India : LINK : for detailed news.
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