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Budget 2016: Arun Jaitley's 'Clean Environment Cess' is all set to hike power tariffs as much as 16 paise per unit while coal prices may go up by 20 per cent. This is due to government proposing to double the 'Clean Environment Cess' to Rs 400 a tonne that is levied on coal, lignite and peat. (PTI)
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In Budget 2016, Arun Jaitley said that the 'Clean Energy Cess' levied on coal, lignite and peat has now been renamed as 'Clean Environment Cess'. "Its incidence has been increased to Rs 400 per metric tonne, from Rs 200 per metric tonne," he said. (Reuters)
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The cost of power may go up by about "10 paise per unit", Bharat Aluminium Co Ltd Non-Executive Chairman S K Roongta said that it will impact industry and general consumers. The per unit impact of additional increase would be roughly 12 to 16 paise per unit, he added. Roongta said that proposed hike in coal cess will increase the cost of power which will have to be passed on to consumers to that extent. (Reuters)
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Commenting on the Union Budget proposal 2016-17, Essar Power Ltd MD Sushil Maroo said, "There is the increase in the Clean Energy Cess from Rs 200 to Rs 400 per metric tonne. "The impact of this step has yet to be seen; we estimate an increase of 10 paise per unit in power tariffs," he said. (PTI)
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According to PwC's Kameswara Rao, increase in carbon cess was expected as it was doubled in the last two years, but still well below the imputed cost of carbon. "This would increase cost of power by an average 10 paise per kWh. But it would also enhance the funding available with the government for supporting renewable energy manufacturing and renewable power plants," Rao said. (PTI)
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