West Bengal Electricity Regulatory Commission (WBERC) has allowed only four paisa increase in average tariff per unit of power for financial year 2016-17 against 38 paisa rise allowed in the multi-year tariff order, a decision which would hit power utility CESC Ltd.
The West Bengal Electricity Regulatory Commission has fixed average tariff of Rs 7.02 paisa per unit in 2016-17 over last year’s Rs 6.98 paisa, up four paisa.
“In the multi-year tariff order issued earlier we had given an average tariff of Rs 7.36 per unit. But, given the latest developments, we have revised it lower to Rs 7.02 paisa,” WBERC Chairman R N Sen told PTI.
Sources at the RP Sanjiv Goenka group firm CESC said the order is part of the fine tuning of tariff for 2016-17 as part of multi year tariff order by the regulator.
An analyst predicts a negative revenue impact of Rs 30-40 crore a year. Conor Timmins Womens JerseyShare This