PATIALA: Due to the default within the fee of power subsidy via the state govt to the Punjab State Power Corporation Limited (PSPCL), coupled with a hike in power price lists, the state's subsidies invoice all the way through the next fiscal is all set to pass Rs 14,500 crore mark. During the current fiscal, the federal government used to be to pay Rs 13,718 crore however there has been a default of Rs five,400 crore until date.
The PSPCL in its tariff petition filed earlier than the Punjab State Electricity Regulatory Commission (PSERC) for the next financial 12 months 2019-20 has projected subsidy at Rs nine,073 crore. This accommodates Rs 6,454 crore free of charge power to the agriculture sector, Rs 1,869 crore for concessional tariff for the industrial sector and stability quantity for various domestic shoppers classes.
As according to the closing tariff order approved via the PSERC on April 19, 2018, the stability subsidy (elevate forward from previous years) used to be Rs 4,770 crore and precise subsidy quantity for the fiscal used to be calculated to be Rs eight,950 crore. The total subsidy to be paid via the Punjab govt to the PSPCL stood at Rs 13,718 crore. This quantity used to be to be paid in 12 per month instalments of Rs 1,143 crore each and every upfront.
During this time, the state equipped subsidised power of Rs 6,256 crore to agriculture power connections, a subsidy of Rs 1,107 crore used to be given for domestic provide to time table caste households, the cost of free power to BPL households used to be Rs 69 crore and that for the backward classes used to be Rs 75 crore. The small trade got free power price Rs 61crore, while the medium-sized trade got subsidised power of Rs 174 crore and the massive trade within the state is being introduced free power price Rs 1,205 crore.
The state govt is yet to transparent the pending subsidy invoice to PSPCL. By January, this 12 months, the federal government has paid Rs five,883 crore to PSPCL, while it used to be required to pay a subsidy of Rs 11,432 crore thus leaving an opening of Rs five,549 crore.
The PSPCL in its tariff petition filed earlier than the Punjab State Electricity Regulatory Commission (PSERC) for the next financial 12 months 2019-20 has projected subsidy at Rs nine,073 crore. This accommodates Rs 6,454 crore free of charge power to the agriculture sector, Rs 1,869 crore for concessional tariff for the industrial sector and stability quantity for various domestic shoppers classes.
As according to the closing tariff order approved via the PSERC on April 19, 2018, the stability subsidy (elevate forward from previous years) used to be Rs 4,770 crore and precise subsidy quantity for the fiscal used to be calculated to be Rs eight,950 crore. The total subsidy to be paid via the Punjab govt to the PSPCL stood at Rs 13,718 crore. This quantity used to be to be paid in 12 per month instalments of Rs 1,143 crore each and every upfront.
During this time, the state equipped subsidised power of Rs 6,256 crore to agriculture power connections, a subsidy of Rs 1,107 crore used to be given for domestic provide to time table caste households, the cost of free power to BPL households used to be Rs 69 crore and that for the backward classes used to be Rs 75 crore. The small trade got free power price Rs 61crore, while the medium-sized trade got subsidised power of Rs 174 crore and the massive trade within the state is being introduced free power price Rs 1,205 crore.
The state govt is yet to transparent the pending subsidy invoice to PSPCL. By January, this 12 months, the federal government has paid Rs five,883 crore to PSPCL, while it used to be required to pay a subsidy of Rs 11,432 crore thus leaving an opening of Rs five,549 crore.
Power subsidy bill to cross Rs 14,500 crore in next fiscal
![Power subsidy bill to cross Rs 14,500 crore in next fiscal]()
Reviewed by Kailash
on
January 28, 2019
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