Big relief to over 78.57 lakh power consumers as there will be no tariff hike in Haryana for 2024-25

Posted On : May 18, 2024

Big relief to over 78.57 lakh power consumers as there will be no tariff hike in Haryana for 2024-25

There will be on power tariff hike in Haryana for the year 2024-25.

The Haryana Electricity Regulatory Commission (HERC) has given its order on the petition for Annual Revenue Requirement (ARR) filed by power distribution corporations namely the Uttar Haryana Bijli Vitran Nigam (UHBVN) and Dakshin Haryana Bijli Vitran Nigam (DHBVN).

Giving relief to over 78.57 lakh power consumers, the ARR order will be effective from April 1.

HERC Chairman Nand Lal Sharma, Member (Technical) Naresh Sardana, and Member (Law) Mukesh Garg while giving their detailed decision directed the discoms to improve their operational efficiency and reduce Aggregate Transmission and Commercial Loss (AT&C) from 12 percent to 10 percent. HERC had conducted a public hearing on February 8 regarding the ARR order, in which the arguments/suggestions of UHBVN/DHBVN officials and the public were heard, after which a State Advisory Committee (SAC) meeting was held on February 9 and the SAC's suggestions regarding the new ARR order were recorded.

For the fiscal year 2024-25, an ARR of Rs 18,620.91 crore was approved for UHBVN and Rs 25,642.36 crore for DHBVN. The state government will provide a subsidy of Rs 5,941.17 crore for agricultural consumers, marking a reduction of Rs 109 crore from the previous year.

In a bid to promote green energy initiatives, HERC has significantly reduced the green energy premium from Rs 2.50 per kWh to Rs 0.88 per kWh.

With a focus on reducing AT&C losses, HERC has set ambitious targets for discoms to achieve below 25 percent losses for urban feeders and below 50 percent for rural feeders in FY 2023-24.