Discoms seek 20% hike in power tariff

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The DERC is in the process of finalising the tariff for 2015-16 and is likely to announce the new rates by the end of August after taking into account the views of various stakeholders, including consumers.

Arguing for a further hike in tariff, the discoms have submitted that their combined revenue gap due to the absence of a cost-reflective tariff has gone up to Rs 28,000 crore. The total under-recoveries of BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd have risen to Rs 20,000 crore while for TPDDL, it has been estimated at Rs 8,000 crore, the discoms said.

In its last tariff hike, the DERC on June 12 had raised the surcharge component by up to six per cent to compensate the discoms for rise in power-purchase cost.