POWER

After PSERC reduces domestic power tariff, Punjab CM says decision will benefit poor consumers

Punjab Chief Minister Captain Amarinder Singh on Friday said that the massive cut, ranging from 50 paise to Rs 1 per unit, in domestic power tariff will provide major relief to domestic consumers, especially the poor, who are already reeling under financial problems due to the COVID-19 pandemic.

According to the Punjab Chief Minister’s Office (CMO), this is the second year in a row that the power tariff for domestic consumption in the state has been reduced. Domestic power rates had been cut down by 50 paise per unit by the regulator in 2020 too, it underlined.

While pointing out that the decision of the Punjab State Electricity Regulatory Commission (PSERC) to reduce the domestic tariff would bring relief to the tune of Rs 682 Crore for 69 lakh domestic consumers in the state, the Chief Minister also hailed the decision of the regulator not to increase tariff for commercial consumers as well as small and medium industry amid the Covid pandemic.

Even the hike in tariff for industrial users was quite marginal, he pointed out, adding that this would also come as a relief to industry, which had also been severely impacted by the lockdowns and demand crisis as a result of the unprecedented contagion outbreak.

As per the release by the CMO, the industry has been getting power subsidies from the state government since 2017 when the tariff was reduced to Rs 5 per unit as a variable cost.

Source
ET Energy World
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