No hike in power tariff in Delhi: DERC
The Delhi Electricity Regulatory Commission (DERC) on Thursday decided not to increase electricity tariff in the national capital.
“The commission, after duly analysing the petitions submitted by the utilities and considering the suggestions from stakeholders, has decided to retain the tariff for financial year 2015-16 at prevailing levels,” said an official statement from DERC.
The distribution utilities in the city — Tata Power Delhi Distribution Limited (TPDDL), BSES Rajdhani Power Limited (BRPL), BSES Yamuna Power Limited (BYPL) and New Delhi Municipal Council (NDMC) — had filed petitions for determination of Annual Revenue Requirement (ARR) and electricity tariff for the 2015-16 financial year.
The statement said that as per their assessment of the tariff petitions, the companies actually showed a surplus of Rs.455 crore till financial year 2013-14.
As there was surplus revenue, which will additionally liquidate the principal amount of the accumulated revenue gap, the commission has preferred that electricity tariff will remain at existing levels, the statement said.