No power rate hike in suburbs
There will be no electricity tariff hike in the suburbs.mumbai Updated: Mar 06, 2011 00:39 IST
There will be no electricity tariff hike in the suburbs.
Reliance Infrastructure (RInfra) — which has 27 lakh consumers in the suburbs, barring Kanjur Marg, Bhandup and Mulund — could not file its annual performance review (APR) on time with the Maharashtra Electricity Regu-latory Commission (MERC) for the current financial year because of an inquiry against it as well as political agitations against its rates.
There can be no rate hike without an APR.
RInfra’s tariff — ranging from Rs2.96 to Rs15.81 per unit — is the highest in the city. RInfra has now submitted its APR and proposed no hike for the financial year 2010-11, which means there will be no money recovered from consumers with retrospective effect.
However, MERC could still reduce rates, which means that consumers would get rebates on their bills. RInfra has yet to decide its rates for 2011-12. It has said that it would spend less on power purchases, which could mean that rates might reduce. RInfra has promised to bring down average tariff to Rs5 per unit.