Chandigarh: Power consumers in Punjab will have to shell out more for electricity as the State Electricity Regulatory Commission Monday announced an average tariff hike of 2.14 per cent across categories for 2019-20.
Besides, the state power regulator also raised the fixed charge for the domestic category of consumers by Rs 10 per kW, according to the new power tariff.
In the tariff order which was released on Monday, the Punjab State Electricity Regulatory Commission has assessed the net aggregate revenue requirement of the state-owned Punjab state power corporation at Rs 32,327.25 crore, including Rs 1,329 crore for Punjab state transmission corporation for 2019-20. "With expected revenue of Rs 31,762.63 crore at existing tariff, the consolidated gap (deficit) works out to be Rs 564.62 crore," the order said.
The new tariff will be effective from June 1. As per the tariff order, the Commission intends to implement the new tariff rates prospectively with effect from June 1, 2019, the effective increase during the remaining 10 months of the year translates to 2.14 per cent.
The combined average cost of supply for 2019-20 worked out to be 662.98 paise per kWh as against 655.49 paise per kWh during last fiscal.
In the new tariff order for domestic consumers, the per unit cost of electricity for 100 units has been increased from Rs 4.91 to Rs 4.99 per kWh; from Rs 6.51 to Rs 6.59 for 101 to 300 units and from Rs 7.12 to 7.20 for 301 to 500 units for supply up to 2 kW.