DERC to announce revised tariff despite AAP govt’s objections
Delhi’s power regulator DERC is all set to announce revised tariff for 2015-16 next month notwithstanding AAP government’s directive not to go ahead with the new rates till the CAG has submitted its report on the financial condition of three private power distribution companies.
Sources in Delhi Electricity Regulatory Commission (DERC) said the tariff determination process was going on and it will announce the new rates, which may see a marginal hike, even if the government had strong reservations about it.
On June 12, the DERC had hiked tariff by upto six per cent as it restored a surcharge to compensate the private distribution companies for rise in power purchase cost. The AAP government strongly criticised the DERC for the hike and said it was exploring legal option against the decision.
“We are going ahead with the tariff determination process. It is an annual exercise. We are analysing the financial details of the discoms and take decision accordingly,” said a top official in the DERC.