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HindustanTimes Thu,02 Oct 2014

PSPCL seeks 13% hike in power tariff

Gurpreet Singh Nibber, Hindustan Times  Chandigarh, December 20, 2013
First Published: 19:50 IST(20/12/2013) | Last Updated: 19:51 IST(20/12/2013)

In its annual revenue requirement (ARR) submitted to the Punjab State Electricity Regulatory Commission (PSERC) for the 2014-15 financial year, the Punjab State Power Corporation Limited (PSPCL) has proposed to hike the power tariff in the state by around 13% (75 paise per unit) to cover the projected revenue gap of Rs. 2,595 crore.

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The combined average cost of power is currently Rs. 5.78 per unit. Adding electricity duty of Rs. 0.64 takes the actual cost per unit of power to Rs. 6.42 for the consumer. As per the ARR submitted by the PSPCL, the combined average cost of power is expected to touch Rs. 7.25 per unit in 2014-15. The actual cost per unit for the consumer would come out to be around Rs. 8 per unit. Contrary to the Punjab government's claims, chances of reduction in power tariff are ruled out.

The projected revenue gap of Rs. 2,595 crore for 2014-15 has increased more than three-fold from the corresponding gap of Rs. 782 crore for the current financial year (2013-14). The revenue gap for 2012-13 was Rs. 646 crore.

The PSPCL has assessed the net revenue requirement of Rs. 25,350 crore for the next financial year, whereas the revenue available based on the current year's tariff will be Rs. 25,755 crore, leaving a gap of Rs. 2,595 crore.

The cost of power purchase in 2014-15 has been assessed as Rs. 9,247 crore, an increase of Rs. 1,542 crore from the current financial year. Employees' cost has also jumped from Rs. 4,306 crore to Rs. 5,350 crore. The fuel cost has increased by more than 10% to Rs. 4,997 crore.

The PSPCL has assessed an increase of 9.24% in total metered supply and expected supply for 2014-15 will be 29,176 million units (MU).The increase in domestic and commercial supply has been projected at more than 12.2%.The growth in agriculture supply is 5%, while 11,586 MU will supplied in 2014-15. A good monsoon can reduce the agriculture supply demand. The total sale of power within the state will be 41,180 MU.

The projected gross power generation from the Guru Gobind Singh Super Thermal Plant, Ropar, is 9,500 MU; Guru Hargobind thermal plant, Lehra Mohabbat, 6,855 MU; and Guru Nanak Dev thermal plant, Bathinda, 3,172 MU. The total hydroelectric power generation is expected to be 8,961 MU, including Punjab's share in the Bhakra Beas Management Board (BBMB) amounting to 4,430 MU.

The power demand is met by power purchase from central generating units traders, co-generation plants and under a banking arrangement.

The expected power availability from the Rajpura thermal plant is 5,007 MU; Talwandi Sabo, 7,300 MU; and Goindwal Sahib, 1,137 MU; assuming annual plant load factor of 65%. The power purchase by the PSPCL from the Talwandi Sabo plant will be 1,862 MU; Rajpura thermal plant (2,661 MU); and Goindwal Sahib (934 MU). The total power purchase from all sources will be 22,927 MU.

The per-unit cost from Talwandi Sabo and Goindwal Sahib plants has been assessed at Rs. 3.73 per unit and from the Rajpura plant at Rs. 3.48 per unit.

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