Electricity companies have made a proposal for an increase in the electricity rate supply in Uttar Pradesh. The regulatory commission has approved the proposal. The commission must now make a decision about this. A hearing is scheduled for the public in April. The preparations are underway to release the new rates before the end of May or the beginning week in June. A typical 18-23 percent increase is proposed as part of the revenue requirements submitted by all energy companies of the state for 2023-24.
A proposed rise from 18 to 23 percent
The panel comprised Electricity Regulatory Commission Chairman RP Singh and member VK Srivastava endorsed the idea. The proposal proposes an increment in the rate of electricity for domestic customers is submitted around 18-23 percent. It is also proposed to increase the rate for other consumers of electricity with an average increase from 10-15 percent. An increase of 16 percent in the rate of electricity used by industries is also being considered. Revenue requirements for the year for all power companies is approximately 92547 million. Distribution losses amount to 14.9 percent. The gap between 2023-24 amounts to 9140 crores.
Dues of 25133 crores
The Chairman of the Uttar Pradesh State Electricity Consumer Council and member of the State Advisory Committee, Awadhesh Kumar Verma has said that in any case, the plan to increase electricity prices will not be implemented. The consumers are going to win. The consumers’ council had already submitted to the commission via the petition that a total of Rs. 25,133 crores is being poured into the electricity companies that are part of the state. In this scenario discussing the rise in the cost of electricity is not fair to the customers of the state.
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