KCR New Year Gift: Post-Covid pandemic and lockdowns, people are trying to get back to normalcy with the changes in lifestyle as well as new conditions. The fuel prices have shot up indiscriminately and there has been no reaction across the country for hike in prices. Similarly daily provisions and vegetables too have become very costly for a common man. Now it is the turn of Telangana government to look at raise price of electricity!
KCR New Year Gift
According to media reports, there has been a loss in revenue earnings for the state. The loss of Rs 21,500 crore between 2021-22 and 2022-23 has been forecasted. This gap in revenue earnings were declared by Telangana power distribution companies and fill this gap they have submitted proposals to the government.
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All the 1.1 crore domestic power consumers in Telangana, irrespective of their slabs, have to pay 50 paise extra per unit from April 2022, if the TS Electricity Regulatory Commission (TSERC) approves the tariff proposals submitted by two Discoms on Monday. They proposed to hike LT domestic tariff by 50 paise per unit and all other LT categories by Rs 1 per unit, which is expected to generate additional revenue of Rs 2,110 crore. The minimum power tariff per unit was Rs 1.45 and it is proposed to be increased to Rs 1.95.
For HT consumers, the Discoms proposed to increase tariff by Rs 1 per unit. The expected additional revenue, if the proposal is approved, is Rs 4,721 crore. In all, the Discoms proposed to generate additional revenue of Rs 6,831 crore in 2022-23 by way of increasing the tariff for all consumers under LT and HT categories.
The state government has to hike power tariff in all categories, but even that seems to be insufficient, the Discoms will still have a revenue gap of Rs 4,097 crore, which is proposed to be bridged through internal efficiency measures and also with support from the government.
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