While the state hiked tariffs in FY11, it did so after a decade; there was a negligible hike the next year and 18% in FY13. The FY14 hike has largely been rolled back for certain categories of customers. Given the gap between costs and supplies is still very highover one rupee per unitthe state still has large hikes to make. For one, the regulatory assets of R2,700 crore still need to be dischargedthat adds up to around 86 paise per unit of power that needs to be recoveredand accumulated losses of the various power utilities in the state added up to over R10,000 crore in FY12 as compared to
R6,300 crore in FY11. For a state whose electricity sector remains in the ICU, following the AAP example is a remarkable act of bravado.