Power gets costlier
Power gets costlier
Bhubaneswar: The Orissa Electricity Regulatory Commission (OERC) on Friday declared hike in power tarrif for the financial year 2012-13, which will be implemented from the 1st of April.

As per the fresh tariff, the domestic consumers now have to pay 80 paise more per unit than before.

The new rate suggests that, consumption of first 50 units will be charged at rupees 2.20 per unit whereas the next slab of 50-200 units will be charged at rupees 3.90 per unit. Similarly for consumption between 200-400 units consumers will be charged at rupees 4.90 per unit and for 400 units and more, the consumers have to pay Rs 5.30 per unit.

It is noteworthy to mention that this is for the third consecutive year that the hike is imposed by the Commission.

For the financial year 2011-12, the OERC had hiked the rates to Rs 1.40 per unit for the first 50 units, Rs 3.50 for the consumption of 50-200 units, Rs 4.30 for 200-400 units and Rs 4.80 for 400 units and above.

The Commission attributed the increase in number of electricity consumers, inadequate generation of low cost hydro power to meet growing demands & rise in cost of coal and furnace oil, which leads to increased generation cost to be the principal cause behind the hike.

Earlier, during 2004-05 nearly 57% of power requirement of the State was being met from low cost state own hydro power stations. It has gone down to 27% during the Financial Year 2012-13, the Commission added.

Source: 360NS