It is tough for the new government to meet Bihar chief minister Nitish Kumar’s possible demand for “one nation, one power tariff”
The government will continue to provide subsidies, including 125 units of free electricity for domestic customers and relief through various subsidy slabs up to 400 units, it added.
The Commission granted approval for the tariff hike proposed by the Kerala State Electricity Board Limited (KSEBL) with retrospective effect from November 1, according to an interim order.
In May, Tata Power approached the APTEL seeking a stay on the multi-year tariff (MYT) for 2023-24 and 2024-25 issued by the Maharashtra Electricity Regulatory Commission (MERC).
The hike in coal prices, if approved by the CIL Board, could result in an increase in power tariffs by up to 3.5 percent, experts said.
The new tariff, approved by the Tamil Nadu Electricity Regulatory Commission (TNERC), however, retained the existing scheme of providing 100 units free to domestic, multi-tenements, old age homes and handlooms consumers
For a robust spot power market, authorities must ensure that adequate supply matches higher demand so that market forces lead to efficient price discovery
More innovative products on power exchanges could offer viable alternatives to long-term PPAs
NTPC predominantly sources its fuel from the domestic market. And unlike its private counterparts, NTPC does not suffer from untied power capacities
Cancellation of power purchase agreements will dent investors’ appetite for solar energy projects
Power tariff is likely to increase by 8-10 percent in the country after Coal India decided to hike the commodity's prices, Tata Power CEO and Managing Director Anil Sardana has said.
The decision was taken at a Cabinet meeting chaired by Chief Minister Arvind Kejriwal at Delhi Secretariat.
Announcing the decision, DERC chairman P D Sudhakar said the regulator chose not to increase the rates taking into consideration financial condition of the discoms and views of the stake holders including consumers and the government.
The Delhi government wants more disclosures from power distribution companies in the state.
Power Regulator DERC, a quasi-judicial body, is likely to announce revised power rates next month after taking views of all the stakeholders including resident welfare associations and the discoms.
The Supreme Court has been hearing a petition by BSES seeking an upward revision in power tariffs.
Harshvardhan Dole of IIFL says recent decisions such as to liquidate regulatory assets on Tata's Delhi discom, the power tariff hike for the Mundra plant will help alleviate the company's financial stress.
Tata Power has so far added 300 km of cable network in the city and 42 substations, of which majority comes in the 11 clusters where the state regulator MERC has directed the company to expand its network.
Tata Power added nearly 85,000 low-end consumers in its network in the city between August 2012 and June 2013.
Power tariffs are seen rising by 20-25 paise per unit as CCEA has now allowed power companies to pass on higher imported coal cost, the move is also seen as positive REC and PFC, says HD Khunteta, Former Dir-Finance, REC and Chairman, Altius Finserv.
Strongly opposing the 9.06 per cent hike in power tariff, the industrial sector in Punjab today said the increase in energy rates would raise the input cost of large and heavy industry, in particular, and render it "uncompetitive" vis-a-vis other states.
Facing heat from the Opposition and a section of ruling Congress, Andhra Pradesh chief minister N Kiran Kumar Reddy announced that the state would bear an additional subsidy burden of Rs 830 crore to ease the burden on domestic power consumers.
Adani power sees less likelihood of any further litigation on Central Electricity regulatory Commission's order, which proposes to provide compensatory tariff to the company for the power purchase agreements with Gujarat and Haryana.
A senior Congress MLA of Delhi accused activist-turned-politician Arvind Kejriwal of trying to mislead people on the issue of power tariff and trying to gain political mileage by raking up a "non-issue".