Punjab power regulator clears 9.33% hike in tariffs for FY18

A 7-12% hike has been announced for domestic consumers. The hike shall vary depending upon the consumption — in other words, more increase for more power consumed.

Punjab State Electricity Regulatory Commission announced an increase in power tariff across sections in a press conference in Chandigarh on Monday.

For the commercial section, including shops and other commercial establishments, an (HT File)

Here are the major announcements from the press conference:

1) A 7-12% hike has been announced for domestic consumers. The hike shall vary depending upon the consumption — in other words, more increase for more power consumed.

2) For the commercial section, including shops and other commercial establishments, an 8-10% increase has been announced.

3) For the Punjab industry, the power tariff hike will be 8.5-10%. The regulatory body clarified that the Punjab govt announcement of giving industry power at Rs 5 a unit will be applicable from Nov 1. The government has given consent to subside the power and the regulator is finalising the amount to be subsidised.

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The increase in tariffs is applicable from April 1. The press conference was chaired by Kusumjit Kaur Sidhu, PSERC chairwoman.

(Story will be updated)