Sunday, June 13, 2021

Karnataka electricity shock: KERC hiked electricity price in state

Bengaluru: The Karnataka Electricity Regulatory Commission (KERC) has approved an average 30 paise per unit increase in tariff, applicable to the consumers of all Electricity Supply Companies (ESCOMs) for the current financial year.

“The Commission has approved an average increase in tariff by 30 paise per unit (considering increase in Fixed / Demand and Energy charges) for FY 2021-22, resulting in an average increase of 3.84 per cent,” it said in a release.

The ESCOMs had sought an average increase of 135 paise per unit accounting for 17.31 per cent increase, it said. The revised tariff will come into effect for the electricity consumed from the first meter reading date falling on or after April 1, “to enable recovery of the revenue gap determined by the Commission.”

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