The Telangana State Electricity Regulatory Commission (TSERC) on Wednesday, the 23rd of March, issued a green signal to hike power tariffs in the state by 14%.
The discoms, however, sought permission for a 19% increase in power tariffs which impose an additional burden of Rs. 6,832 crore on all types of consumers. The hike in charges is 40-50% for domestic consumers and Rs. 1 per unit on other categories.
Following the power tariff hike, an additional burden of Rs. 2,110 crore will be imposed on LT (low-tension) consumers and Rs. 4,721 crore on high-tension (HT) consumers. The discoms submitted the proposal of a power tariff hike to the TSERC on the 28th of December after the latter gave a week-time to submit the proposals.
The Aggregate Revenue Requirement (ARR) and Retail Supply Tariff were submitted to TSERC for 2022-23. ARRs with a revenue deficit of Rs 10,928 were filed by discoms for 2022-23 and also estimated an expenditure of Rs 53,054 crore to supply power. The discoms also estimated Rs 42,196 crore revenue earnings at the present tariffs.
It said that the power tariff hike will help in generating additional revenues of Rs 6,831 crore and another Rs 4,097 crore will be generated through government support and internal efficiency measures. Meanwhile, the subsidies will be continued by the state government to the agriculture sector, SC and ST domestic consumers, hair salons, and laundries as well as concession of Rs 2 per unit to power looms, poultry farms, spinning mills, and others. The government has not increased the power tariffs in the state since 2015 following which discoms incurred huge losses. The pandemic also showed a severe impact on the finances of discoms.
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