The Hush Post|12:30 pm|1-min-read
On Monday, the Punjab State Electricity Regulatory Commission (PSERC) has announced an average tariff hike of 2.14% for 2019-20. It has also increased the fixed charges for all the category of consumers by Rs 10 per KW with effect from June 1.
As per the order passed by PSERC chairperson, Kusumjit Sidhu, the domestic power cost has been increased by 8 to 10 paise per unit. Fixed charges have been increased by Rs 10 per KW. However, the tariff for industrial supply has been increased by 8 paise per unit and fixed charges by Rs 5 KV.
Also, the PSERC has given relief to industry by extending special tariff hours of large and medium industry from 10 pm to 10 am. PSPCL provides 50% subsidy on fixed charges and discounted tariff of Rs 4.45 per KWH in the lean hours to the industry. The gross revenue requirement has been assessed at Rs 32,757 crore and there is a cumulative gap of Rs 497 crore between revenue receipt and expenditure. Meanwhile, the PSERC has also decreased the power rate of rural water supply schemes.
This increase will help the power department to generate additional Rs 564 crore. In real, the annual hike is 1.78 %, but as the PSERC has decided to do away with the policy of collecting arrears, it has passed an order to collect Rs 564 in next nine months, which makes the effective hike as 2.14 %. The average cost of supply has been worked out @ 6.629 per unit.