Page 6 - Power Tariffs News Today

​“The power tariff hike is affecting micro and small-scale industries. There are more than five lakh micro and small-scale industries in the state. I demand the state government roll back the power tariff hike in the interest of micro and small-scale industrialists,’’ said Karnataka Small Scale Industries Association president KN Narasimha Murthy.

CIL is expecting to earn a revenue of Rs 2703 crore for the balance period of financial year 2023-24. Moneycontrol was the first to report on May 11 that CIL was going to increase coal prices due to its plan of increasing the wages for its non-executive staff.

CIL is expecting to earn a revenue of Rs 2703 crore for the balance period of financial year 2023-24. Moneycontrol was the first to report on May 11 that CIL was going to increase coal prices due to its plan of increasing the wages for its non-executive staff.

Moneycontrol first reported that the government’s proposal to pool electricity from old thermal and gas-based power plants is likely to be rolled out in April. At least 14 such power plants with a total capacity of 15,386 megawatts (MW) are likely to be tapped once the scheme comes into force.

DERC had announced the last tariff revision on September 30, 2021. Power charges in Delhi were raised by 2 percentage points from October 1, 2021. Last year, despite no tariff revision, electricity cost in Delhi was raised by up to 4%.

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The government says with sufficient coal stocks and gas capacities tied up there won’t be any issues during peak power demand this summer.

Besides, the Central Electricity Regulatory Commission (CERC) has also slashed the price ceiling for the high price day ahead market (HP-DAM) from Rs 50/kWh to Rs 20 per unit, the latest CERC order accessed by Moneycontrol showed. Both the revised price caps came into effect from April 4.

The increased tariffs will be applicable from April 1. Not just this, the MERC has also approved even steeper power tariff hikes for the next financial year (2024-25) that range from an average of 2.1 percent to 21 percent.

The obsession with politicking portrays leaders who are far removed from the raging dire situation as if they live on a faraway planet.