hear the news
There is relief news for the electricity consumers of the state. Neither electricity rates will increase nor slab change will happen this year. Its indications were received from the stand of the members in the State Advisory Committee meeting of the State Electricity Regulatory Commission on Monday. The Regulatory Commission has also made it clear that it is not in favor of passing the burden of inefficiency of power companies on the consumers.
Instead of raising rates year after year, power companies will have to focus on improving their performance to tide over the losses. Interestingly, the power companies also tried to present the slab change proposal in the advisory committee but due to the opposition of some members, they could not get success.
After completing the process of public hearing on electricity rates for 2022-23, the Regulatory Commission held consultations with the members in the meeting of the State Advisory Committee, the biggest constitutional committee of the energy sector, on Monday. Regulatory commission chairman R.P. In the meeting of the Advisory Committee chaired by Singh, Director Tariff Dr. Amit Bhargava made a presentation on the Annual Revenue Requirement (ARR), True-up and Financial parameters related to electricity rates filed by the power companies.
After this the members gave their opinion on this year’s rates. State Electricity Consumer Council President Awadhesh Kumar Verma advocated a seven percent reduction in electricity rates every year for the next 5 years in lieu of Rs 22,045 crore being released by the power companies to the consumers.