Bhopal: Get ready to spend more for power from next fiscal | bhopal | Hindustan Times
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Bhopal: Get ready to spend more for power from next fiscal

Power consumers should be ready to pay more as the MP Power Management Company Limited, Jabalpur, has planned to hike electricity tariff per unit from the next financial year, officials said.

bhopal Updated: Dec 22, 2014 15:42 IST
HT Correspondent

Power consumers should be ready to pay more, as the Madhya Pradesh Power Management Company limited (MPPMCL), Jabalpur, has planned to hike electricity tariff per unit from the next financial year, officials said on Sunday.

They said the MPPMCL that referred to rise in power output cost because of increase in cost of coal, railway freight and crude oil would put up a proposal for power rate hike before the Madhya Pradesh Electricity Regulatory Commission (MPERC).

The MPPMCL officials further said the revenue of the department increased. MPPMCL managing director Manu Shrivastava said while the company increased power tariff by 32% from 2009-10 to 2014-15, the cost of coal shot up by 98%, crude oil by 57% and railway freight by 51%.

He further said, "In the last five years, the commission hasn't approved the hike proposed by MPMCL but electricity supply has increased from 3,528 crore to 5,900 crore units. The supply cost also increased from Rs 3.22 to Rs 4.34."

"The power tariff in MP is lower than that of its neighbouring states. While in MP it is Rs 5.55 per unit, in Maharashtra, Delhi and Chhattisgarh it is Rs 9.50, Rs 6.50 and Rs 5.85 per unit, respectively. So, there is an urgent need to hike the tariffs," he added.