Power likely to cost more
Kerala State Electricity Board Ltd (KSEBL) is likely to impose a power surcharge or a tariff revision to realise the financial liability of around Rs.200 crore it would incur on signing a two-year power purchase agreement with a private company soon.
Though the revision would have a direct impact on all the 1.10 crore consumers, the 86 lakh domestic consumers who constitute a majority, would be the worst affected.
Against the State government pressure to ink a 10-year pact with Bombay Suburban Electricity Supply (BSES) Kerala Power Ltd, Kochi, the board had proposed to restrict the agreement to two years and also slash the fixed charges by 50 per cent. Even then the board would have to pay Rs.65 crore as annual fixed charges to the company.