Ready to pay 70% more for power?
It is now official. The Capital’s power distribution companies have sought up to a 70% increase in power tariff.delhi Updated: Jan 15, 2010 00:12 IST
It is now official. The Capital’s power distribution companies have sought up to a 70% increase in power tariff.
In the annual document called Aggregate Revenue Requirement (ARR) submitted to the Delhi Electricity Regulatory Commission (DERC), the discoms have shown humungous revenue gaps, which, if approved, will be passed on to consumers next year and will cause a sharp spike in the cost of consumption.
Going by the ARR calculations, BSES Rajdhani (BRPL), the biggest discom, has sought around a 69 per cent increase, while its cousin, BSES Yamuna (BYPL), the smallest commercial discom, has pitched for around a 60 per cent hike.
Both the discoms are controlled by Anil Ambani's Reliance. The Tata-backed North Delhi Power Limited (NDPL) has asked for 52 per cent increase in tariff.
“We have received the ARR petitions. A public hearing will be conducted and all stakeholders will get a chance to give
feedback on them,” said A.K. Tewary, DERC Secretary.
“The tariff will be decided after considering all views.”
Together the discoms have shown a combined revenue gap of around Rs 5,500 crore, whose possible impact on tariff is bound to give a jolt to Delhi's power consumers.
The discoms, however, said they have a fit case.
“We have merely asked for clearing of past dues, which the DERC had approved. The only projected figures are of this year and the next,” said Ajay Kapoor, Chief Financial Officer, NDPL.
Sources, however, said the ARR petitions grossly exaggerated the power-purchase cost of this and the next year.
“The power availability scenario is supposed to change drastically by the middle of this year,” said a power department official.
While BRPL CEO Gopal Saxena refused to comment, a senior BSES official, who did not wish to be named, said revenue gaps shown include huge government dues passed to the discom three years ago.