The Madhya Pradesh Electricity Regulatory Commission (MPERC) has determined tariffs for low voltage (LV), high voltage (HV), and extra-high voltage (EHV) consumers in the state in its retail supply tariff order.
As per the order, electric vehicles (EV) and electric rickshaw charging stations are exempted from the tariff hike. The new tariffs will be applicable starting December 26, 2020, until further notice or the retail supply tariff order is announced.
The Commission said that distribution companies (DISCOMs) in the state had projected an annual revenue requirement (ARR) of ₹400.16 billion (~$5.4 billion) for the financial year (FY) 2020-21, with a revenue gap of ₹21.69 billion (~$295.5 million) ad have proposed to recover this gap through a 5.73% hike on existing tariffs.
Of this, the Commission said it allowed an ARR of ₹376.73 billion (~$5.1 billion) for FY 2020-21, with a revenue gap of ₹7.3 billion (~$99.5 million) at the existing tariff. Subsequently, it has allowed only a tariff hike of 1.98% across categories.