The accumulated losses of Rs. 6,500 crore that the three power distribution companies accrued over the past few years led to the steep hike of 26 per cent in tariff that the Delhi Electricity Regulatory Commission (DERC) announced on Tuesday.
While Tata Power Delhi Distribution Limited (TPDDL), which supplies electricity in north Delhi, had an accumulated loss of about R2,000 crore, the two power companies run by BSES — BSES Yamuna and BSES Rajdhani —accumulated losses of Rs. 4,500 crore.
The power regulator also levied an additional surcharge of 8 per cent to help power discoms liquidate their deficits, DERC chairman P Sudhakar said.
Sudhakar said the surcharge will help the three discoms offset a deficit of Rs. 700 crore this financial year. The power consumers will have to pay the charge till the deficits are neutralised.
Though the DERC has taken back the fuel surcharge — 4 per cent in TPDDL areas, and 6 and 7 per cent respectively in BRPL and BYPL areas — Sudhakar said the DERC would have to levy the additional surcharge if the power purchase cost went up after three months.
Consumers in New Delhi Municipal Council (NDMC) areas, however, won’t have to pay the surcharge. Since NDMC gets supply from the cheapest sources, DERC increased tariffs in areas under its jurisdiction by just 19 per cent.
According to the new tariff, the average cost of every unit of electricity that you consume — irrespective of your total consumption and the sanctioned load — has gone up from Rs. 4.16 to Rs. 5.17, an increase of 24.15%. An additional surcharge of 8 per cent on power bill takes the hike to 26%.
The power regulator has also increased fixed monthly charges by 33 per cent for all categories.
For non-domestic consumers, the charges have been increased from R6.50 to R7.60 per unit of power for those having a sanctioned load up to 10 kilowatts. Charges have been hiked to Rs. 7.25 from Rs. 6.10 per unit for consumers having a sanctioned load between 10 kilowatts and 100 kilowatts.