While allowing to fill one-fifth of the revenue gap projected by Punjab State Power Corporation Limited through an average 12 per cent hike across the board,the Punjab State Electricity Regulatory Commission has prescribed austerity and efficiency pills to the corporation in its tariff order for year 2012-13.
Stating that the consumers get doubly loaded owing to transit loss of coal,the regulator,citing an audit conducted through CPRI,said This needs to be corrected.
It also imposed cuts on projected agricultural consumption,power purchase and employee cost of the corporation.
The PSPCL has projected the agricultural pumpset (AP) consumption at 11,922 million units for 2012-13. However,by applying five per cent increase (adhoc) over the sales of 10,479 MUs approved by the commission for 2011-12,the AP consumption for 2012-13 has been worked out at at 11,003 MUs.
The total energy estimated to meet the demand during 2012-13,including common pool and outside state sales,is 42,885 million units. The energy available from PSPCLs generating stations is 26,341 MUs. The balance requirement (16,544 Mus) has to be purchased. PSPCL has projected to purchase short-term power of 2,254.80 MUs at 485 paise per unit. However,the calling unjustified,the regulatory has decided to limit cost of short-term power purchase at an average rate of 417 paise per unit for 2012-13.
Employee cost: Rs 1800 cr saved in 6 yrs
The regulatory in its earlier tariff orders had observed that the employee cost of the PSPCL was one of the highest in the country. The PSPCL has now submitted that it has reduced its manpower costs by using various methods,including freezing of fresh recruitment against retirement or death cases since 1999 and ban on creation of new posts and has been able to save nearly Rs 1,800 crore on employee cost over a period of six years (2003 – 09).
Transmission loss drops by 1per cent
The transmission and distribution losses have dropped by one per cent to 18 per cent from 19 per cent in 2011-12. However,for the year 2012-13,the commission has maintained it at 18 per cent based on the provisionally approved transmission loss of 2.5 per cent for Punjab State Transmission Corporation Limited.