12.5% power tariff hike in the offinghttps://indianexpress.com/article/india/india-others/12-5-power-tariff-hike-in-the-offing/

12.5% power tariff hike in the offing

Power tariff in Punjab for the year 2013-14 is likely to increase by 12.5 per cent and will be made effective starting April 1

Power tariff in Punjab for the year 2013-14 is likely to increase by 12.5 per cent and will be made effective starting April 1. The Punjab State Power Corporation (PSPCL) had proposed an average tariff hike of 12.5 per cent on all categories,which sources said,has been accepted by the Punjab State Power Regulatory Commission (PSERC).

The commission is announce the tariff revision Wednesday. Last year the PSERC had announced an average tariff hike of 12.08 per cent. For 2012-13,the PSPCL had sought an aggregate hike of 55 per cent in the tariff on the basis of Aggregate Revenue Requirement filed for the last fiscal.

The actual outgo for power consumers will be higher as Punjab government also levies electricity duty of 13 per cent and 10 paise per unit as octroi on energy consumption,which is exclusive of tariff rates.

Currently the small industrial consumers pay Rs 5.10 paise a unit while for medium and large industries,including arc and induction furnaces,the rate is set at Rs 5.61 paise per unit. For railway traction,the current rates are Rs 6.03 paise a unit. In the domestic sector,consumers currently pay Rs 4.09 for the first 100 units of energy consumed and Rs 5.49 for the next 200 units. The rate is Rs 5.81 per unit for consumption above 300 units.

Haryana had last week increased its tariff by 13 per cent.