Coal News We love to talk!

NOV 14 2014

Delhi Electricity Regulatory Commission Withdraws Power Tariff Hike

  • Economic Times, ET Bureau / Hyderabad
  • Created: Fri 14th NOV 2014

A power tariff hike of up to seven per cent announced in Delhi last night has been withdrawn in less than 24 hours amid a chorus of political criticism ahead of assembly polls just months away. The Delhi Electricity Regulatory Commission's hike would have come into effect from tomorrow, but for the first time in recent history, it has been withdrawn. The regulator had announced the surcharge in response to the demands of three private power distribution companies in Delhi, who claim they are running into losses.

Officials said the hike was withdrawn because of "new inputs" from the National Thermal Power Corporation on power production costs. The overnight turnaround raised speculation about a political intervention, with elections in Delhi expected early next year. If the new tariffs had come into effect, consumers would have to pay seven percent, 4.5 per cent or 2.5 per cent more on their electricity bills.

Tags

Delhi Distribution Companies Tariff Hike Tariff Electricity Regulatory Commission Power Distribution Delhi Electricity Regulatory Commission Power Electricity

Related News

  • Maharashtra to offer power sops to arrest exodus of industries  Read more
  • JERC rejects Tariff Hike in Chandigarh  Read more
  • India deal unlikely to secure Toshiba's lofty nuclear plans  Read more
  • How cheap power, inefficient ACs are pushing Delhi to the brink  Read more
  • Renewable purchase obligations: REC trading picks up to touch record volumes  Read more
  • DERC dismisses petition as parties settle case amicably  Read more
  • Tata Power's prospects are lighting up  Read more
  • Largest clean energy player ReNew Power plans IPO to raise up to $600 million  Read more
  • BHEL bags Rs 369 crore contract from NTPC  Read more
  • JERC restricts the recovery of FPPCA Charges to 0.67/Unit immediately from February, 2017 onwards, from the Power Consumers  Read more