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RNI No. PUNMUL/2009/29513, Chief Editor: Gurjeet Singh Azad, Email: info@punjabinfoline.com
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PSEB has demanded 51% hike in power tariff

Jalandhar, January 22 (Doaba News Service)- Hold your breath for a while. The Punjab State Electricity Board (PSEB), which is in dire fiscal straits, wants a whooping increase of about 51 per cent in the existing tariff across the board for all consumers to meet its aggregate revenue requirement (ARR) for the next fiscal year (2010-11). For the current fiscal year, the increase in the tariff, ordered by the Punjab State Electricity Regulatory Commission (PSERC) was in the range of 10-12 per cent for various categories of consumers to generate a revenue of Rs 759 crore to meet its ARR. The PSEB has pegged a cumulative revenue gap of Rs 6,575 crore in the petition submitted to the PSERC for the next fiscal year and has prayed to the commission to raise the tariff accordingly to realise the amount from the power consumers. The commission has sought objections from the public on the petition. How the commission would deal with such a huge increase in the tariff, it remains to be seen. Already, there is a difference of opinion in the PSEB and the commission over the consumption of power in the farm sector. The commission had last year reduced the projected consumption in the farm ...
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