Admn shock: power tariff to go up by 50%
■ CHANDIGARH: It is official now. Acting even more ruthlessly than what was expected, the UT administration has finalised its proposal to hike power tariff by 50% for most of the categories for 201213.
After holding lengthy deliberations on the annual revenue requirement (ARR) report of the electricity department, Chandigarh, the administration has proposed enhanced tariff to bridge the demand-supply divide and revenue gap.
The UT administration would submit the ARR to the Joint Electricity Regulatory Commission (JERC) for UTS and Goa on December 30, which is the last date to submit the ARR.
Confirming the hike, KK Sharma, adviser to the administrator, said the ARR was largely finalised and the administration was going to propose tariff hike in between 45-50% for all categories. “The hike was need of the hour, as otherwise the administration will face huge revenue deficit. It was also needed to ensure quality power supply to the residents,” said Sharma, adding that it was still a proposal and final tariff would be decided only by the JERC.
Earlier, assessing that the gap between the ARR and revenue from sale of power would remain nearly similar to that for 2011-12, senior officials had opined that the proposed hike would remain 25-30%, the figure proposed by administration for 2011-12.