Tariff increase by 10 to 14 paisa per unit in Punjab

Posted On : August 25, 2018

Punjab News Express/Vinod Gupta
CHANDIGARH: Punjab State Electricity Regulatory Commission today revised the tariff for the financial year 2018-19 for all categories of consumers by 2.17 % and has increased fixed charges for all the category of consumers by Rs. 10 per KW.
As per order the domestic tariff has been increased by 10 to 14 paisa per unit and fixed charges have been increased by Rs. 10 per KW. Industrial supply has been increased by 10 to 13 paisa per unit and fixed charges by Rs. 10 to 15 per KVA.
The gross revenue requirement has been assessed at Rs. 32486 crore and there is a cumulative gap of Rs.668.91 crore between revenue receipt and expenditure. The average cost of supply has been assessed as Rs. 6.5549 per unit.
The total amount of balance subsidy is Rs.4768.65 crore and this year’s subsidy amount is Rs.8949.37 crore and thus total subsidy to be paid by Punjab Government is 13718.02 crore. The subsidy amount is to be paid in 12 monthly installments of Rs 1143.17 crore each in advance.
The total power purchase next year is likely to be Rs.20309 crore at a pooled cost of Rs.3.96 per unit
To reduce the burden of fixed cost of 20417 million units of surplus power estimated to be surrendered by PSPCL during the year; the Commission has decided that any consumption exceeding the threshold limit of maximum annual consumption of last two years by the industry shall be billed at reduced energy charges.