POWER

MESCOM proposal on power tariff hike opposed

While Mangalore Electricity Supply Company Ltd. (MESCOM) has proposed a hike in power tariff by an average of ₹1.67 per unit, consumers, elected representatives, and representatives of farmers and industry bodies on Friday asked the Karnataka Electricity Regulatory Commission (KERC) to retain or reduce the present tariff as people were yet to recover from the impacts of COVID-19.

During a public hearing on power tariff revision by the KERC, chaired by its chairman Shambu Dayal Meena, MESCOM MD Prashant Kumar Mishra said the annual revenue requirement of MESCOM for 2021-22 has been estimated at ₹5,119.61 crore, which includes ₹3,513.24 crore towards power purchase and ₹779.59 crore for operation and maintenance. With revenue from charges (earnings) estimated to be ₹4,176.35 crore, there will be a shortfall of ₹943.26 crore. To bridge this revenue gap, MESCOM has proposed an average hike of ₹1.67 per unit, he said. Apart from taking up works to supply quality power, MESCOM is taking steps for the recovery of outstanding amounts from the State government and other agencies, he said.

Objecting to the proposed hike, Sathyanaranaya Udupa from the Udupi district unit of Bharatiya Kisan Sangh said that if MESCOM was really concerned about consumers, it would not have proposed any hike in power tariff. “The present tariff came into effect four months ago.

Source
The Hindu
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