Upset with PCL, UPERC may cut power tariff
THE POWER regulator is upset with its licensee the UP Power Corporation Ltd (UPPCL) showing a recalcitrant attitude and may suo motu decide the electricity tariff for the year 2006-07.india Updated: Mar 21, 2006 01:19 IST
THE POWER regulator is upset with its licensee the UP Power Corporation Ltd (UPPCL) showing a recalcitrant attitude and may suo motu decide the electricity tariff for the year 2006-07.
The Uttar Pradesh Regulatory Commission (UPERC) has called an important meeting tomorrow to finally decide as to what to do when the corporation is not filing the Annual Revenue Requirement (ARR)/ tariff proposal despite repeated reminders.
Sources said the UPERC might also decide tomorrow to reduce the existing power tariff, taking it for granted that the UPPCL did not require more revenue to meet its expenditure.
The corporation has, many times, sought extension of the deadline set by the regulator for filing the tariff proposal. The last time was on February 28. The same happened last year also when the corporation did not file the proposal.
Now, the commission feels that enough is enough and it must exercise its powers under the Electricity Act 2003 which gives it many options.
The commission has talked to the regulators in other States to know how they tackled similar situations. Some time back, the Madhya Pradesh Electricity Regulatory Commission, had ordered reduction in existing electricity rates when the licensee there failed to file a tariff proposal in time.