Residents of Punjab will now have to pay extra money for their electricity consumption as the regulator Punjab State Electricity Regulatory Commission (PSERC) has announced a 9.33 percent hike in rates for the financial year 2017-18.
Residents of Punjab will now have to pay extra money for their electricity consumption as the regulator Punjab State Electricity Regulatory Commission (PSERC) has announced a 9.33 percent hike in rates for the financial year 2017-18. The hike will be implemented with effect from November 1 and consumers will also have to pay the arrears from April 2017 onwards. These arrears will be collected by the regulating body over the next nine months starting from November 2017.
However, Arvind Kejriwal-led Aam Aadmi Party (AAP) flayed the hike by PSERC and demanded an immediate rollback of the same. Reacting to the announcement, leader of Opposition in Punjab assembly, Sukhpal Singh Khaira told Hindustan Times that the state government should not implement this huge retrospective increase in power rates imposed by the regulatory body.
“The hike in electricity charges will add to the woes of ordinary people who are already facing steep inflation,” Khaira said. During a press conference arranged by PSERC on Monday, chairperson Kusumjit Sidhu informed that there will be an increase of 7 to 12 per cent in monthly bills for domestic consumers while for commercial consumers hike has been implemented at 8.5 to 10.5 per cent.
Sidhu also informed that the consolidated gap of Punjab State Power Corporation Ltd. has worked out at Rs 2,522.62 crore, as against power utility’s proposal of Rs 11,575.53 crore. In order to cover the revenue gap for the ongoing financial year, an overall increase of 9.33 per cent is required over the existing tariff, he said while announcing the multi-year tariff for the year FY18 to FY20.
“The commission has decided to introduce a two-part tariff structure for all categories except the agriculture sector,” said Sidhu. Which means now consumers will have to pay a fixed charge along with a variable charge depending upon the amount of electricity consumed. These charges vary from Rs 20 per kW to 60 kVA for domestic supply, Rs 50 per kw to 100 kVA for non-domestic supply and Rs 85 kW to 195 kvA for small medium and large supply and general industrial usage.