Discoms seek tariff hikes up to 40% as demand, costs soar
Mint Mumbai|March 29, 2023
Power distribution utilities plan to raise tariffs ranging from single digits to as high as 40% across states if approved by the state electricity tariff regulators. Discoms in states such as Uttar Pradesh, Maharashtra, Madhya Pradesh, and Himachal Pradesh have already proposed increases in tariffs.
Rituraj Baruah
Discoms seek tariff hikes up to 40% as demand, costs soar

For instance, discoms in Madhya Pradesh have recommended a hike of 3.2% due to a projected revenue gap of 1,527 crore in FY24. In turn, state-owned Maharashtra State Electricity Distribution Co. Ltd has proposed a tariff hike in the range of 30-40% for residential and commercial consumers.

Most state electricity regulatory commissions are yet to release their tariff orders or post the petitions from the discoms. The Bihar Electricity Regulatory Commission, for instance, has approved a 24% tariff hike starting 1 April, rather than the 54% increase recommended by the discom.

In contrast, the Andhra Pradesh government has opted not to increase tariffs for FY24 and has instead agreed to provide discoms with a subsidy to cover the revenue gap of 10,135 crore.

The increase in tariffs will help compensate for higher fuel expenses, the cost of power purchase agreements (PPAs) and the requirement to blend costly imported coal to meet peak power demand in April and May.

Esta historia es de la edición March 29, 2023 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición March 29, 2023 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MINT MUMBAIVer todo
Mint Mumbai

Quick Edit: The market's green role

The world needs to bend its rising curve of carbon emissions, a goal that's proving elusive. Adding to the challenge, US climate policy is likely to flip back into neglect mode next year.

time-read
1 min  |
November 18, 2024
Growth shouldn't suffer for want of a market fix
Mint Mumbai

Growth shouldn't suffer for want of a market fix

Packaged food companies should drive a food-processing revolution and run a campaign for substitution of fresh-veggie demand. It'll crush price volatility and open up space for rate cuts

time-read
2 minutos  |
November 18, 2024
Mint Mumbai

We should reform import tariffs to boost Make in India!

Tariff reforms to resolve duty inversions can arrest the 'cost competitiveness leak' of Indian manufacturing

time-read
3 minutos  |
November 18, 2024
Trying to quantify everything may worsen human decisions
Mint Mumbai

Trying to quantify everything may worsen human decisions

'Quantification fixation' is real—and we should learn to resist it

time-read
3 minutos  |
November 18, 2024
Hope has sprung anew amid the thick haze hovering over COP-29
Mint Mumbai

Hope has sprung anew amid the thick haze hovering over COP-29

The climate summit has seen rules being ratified for a carbon market, progress on finance and high corporate participation

time-read
3 minutos  |
November 18, 2024
Trump's return is set to send the world scouting for fresh options
Mint Mumbai

Trump's return is set to send the world scouting for fresh options

His confrontational stand on issues will ruffle feathers and make nations review their alignments

time-read
3 minutos  |
November 18, 2024
Mint Mumbai

Why national pride has not helped clean up Delhi's air

A sense of shame was expected to get it done. That hasn't worked. Do we lack the will and talent?

time-read
4 minutos  |
November 18, 2024
Mint Mumbai

SEBI CAN DO MORE TO DISSUADE RETAIL F&O SPECULATION

A recent Securities and Exchange Board of India (Sebi) report highlighted the significant losses individual traders have incurred in the equity futures and options (F&O) segment between FY22 and FY24.

time-read
3 minutos  |
November 18, 2024
Mint Mumbai

Is filing ITR in old regime still valid?

I am with the Indian Army. Until last year, we received Form 16 under the old tax regime, including allowances such as HRA, travel and uniform.

time-read
1 min  |
November 18, 2024
Avoid common mistakes in NRO, NRE accounts: A guide for NRIs
Mint Mumbai

Avoid common mistakes in NRO, NRE accounts: A guide for NRIs

Tips on using NRE and NRO accounts to effectively manage funds, repatriate money and remain tax-compliant

time-read
5 minutos  |
November 18, 2024