Electricity tariffs, which are inching up in some states, are expected to rise further in the year ahead as power producers pass on the costs of expensive imported coal and a longer route to transport coal.
Following the coal crisis in September-October 2021 and April-May 2022, the Union power ministry earlier this year directed all power generation companies to blend imported coal up to 6% of their requirement till September. Besides, the use of the rail-ship-rail route to transport coal from the coal-rich eastern states to the user plants in western India has also increased costs.
“With the purchase of more coal (both domestic and import) and the new RSR (rail-ship-rail) route, the net cost of power generation may increase around 40 paise per kilowatt hour (kWh),” a top executive at a thermal power generation company said on condition of anonymity.
Several states have already come up with new tariff orders for FY24, and some of them have raised tariffs. However, with the likely increase in power generation expenses, tariffs may be raised further during the year.
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