PATIALA: With the federal government dealing with the political heat from its rivals in the state meeting over inflated power bills, it is possibly that the scheduled hike in the power tariffs in Punjab might be put off until the Lok Sabha elections are over.
It would no longer be for the first time that the state executive might be casting off power tariff hike during the election 12 months.
Under the former SAD-BJP executive, the ability tariff hike was deferred for two consecutive years together with 2015 and 2016, because of the populist policy being followed through the then executive.
However, this didn't prove good for the financial health of the state's power sector and the Congress executive, after coming to power in 2017, needed to announce two back to back tariff hikes in October 2017 and on the other hand in April 2018.
This 12 months, the Punjab State Power Corporation Limited (PSPCL) has already sought a substantial hike in the power tariffs to mitigate revenue deficit and the carry forwards from the former years.
Chairman-cum-managing director of PSPCL Baldev Singh Sran mentioned even though the company has been ready to scale back its losses during the present fiscal through selling the surplus power that was available to the state, the ability company must go for a tariff revision to hide up the revenue deficit from the former years.
The company in its Annual Revenue Requirement (ARR) filed with the Punjab State Electricity Regulatory Commission (PSERC) has sought a hike of around 8% to 14% in more than a few classes. In the last tariff order, the PSERC had allowed a 2.17% hike in the power cost.
The assets in the PSPCL mentioned the company was paying an the pastime of Rs three,868.09 crore at the remarkable debt which eats away all the earnings which might be made through PSPCL. Therefore, revising the ability tariff was inevitable.
However, assets in the state executive confided with the IdealNews that the federal government would no longer love to antagonise the voters during the Lok Sabha elections and this may result in stalling of the tariff revision for the time being.
However, no longer mountain climbing the ability was no longer an choice for the state or for the ability company, assets mentioned.
A former chairman of the Punjab State Electricity Regulatory Commission, at the situation of anonymity, mentioned as soon as the regulatory commission approves a hike in the power tariffs, the document needs to be sent to the chief minister for final approval. He mentioned it has been noticed prior to now that the state governments defer tariff revisions, particularly during the election years, in an attempt to stay their vote financial institution intact.
It would no longer be for the first time that the state executive might be casting off power tariff hike during the election 12 months.
Under the former SAD-BJP executive, the ability tariff hike was deferred for two consecutive years together with 2015 and 2016, because of the populist policy being followed through the then executive.
However, this didn't prove good for the financial health of the state's power sector and the Congress executive, after coming to power in 2017, needed to announce two back to back tariff hikes in October 2017 and on the other hand in April 2018.
This 12 months, the Punjab State Power Corporation Limited (PSPCL) has already sought a substantial hike in the power tariffs to mitigate revenue deficit and the carry forwards from the former years.
Chairman-cum-managing director of PSPCL Baldev Singh Sran mentioned even though the company has been ready to scale back its losses during the present fiscal through selling the surplus power that was available to the state, the ability company must go for a tariff revision to hide up the revenue deficit from the former years.
The company in its Annual Revenue Requirement (ARR) filed with the Punjab State Electricity Regulatory Commission (PSERC) has sought a hike of around 8% to 14% in more than a few classes. In the last tariff order, the PSERC had allowed a 2.17% hike in the power cost.
The assets in the PSPCL mentioned the company was paying an the pastime of Rs three,868.09 crore at the remarkable debt which eats away all the earnings which might be made through PSPCL. Therefore, revising the ability tariff was inevitable.
However, assets in the state executive confided with the IdealNews that the federal government would no longer love to antagonise the voters during the Lok Sabha elections and this may result in stalling of the tariff revision for the time being.
However, no longer mountain climbing the ability was no longer an choice for the state or for the ability company, assets mentioned.
A former chairman of the Punjab State Electricity Regulatory Commission, at the situation of anonymity, mentioned as soon as the regulatory commission approves a hike in the power tariffs, the document needs to be sent to the chief minister for final approval. He mentioned it has been noticed prior to now that the state governments defer tariff revisions, particularly during the election years, in an attempt to stay their vote financial institution intact.
C'garh: Power tariff hike likely to be put off
![C'garh: Power tariff hike likely to be put off]()
Reviewed by Kailash
on
February 25, 2019
Rating:
