Thiruvananthapuram: After all those rise in fuel prices, now get ready for another shock. As per reports the State Electricity Regulatory Commission’s decision to hike power tariffs for domestic and industrial users could be announced this week itself. Earlier the announcement was expected by December 31, but was delayed after the Commission decided to review the memorandum submitted by the KSEB after some errors were spotted in it.
It is learned that the tariff renewal will be applicable for the next four years and the rates are likely to be lower than what the KSEB had proposed.
According to Manorama, the KSEB had sought a hike that would earn it an extra Rs 1,100 crore next financial year, and Rs 750 crore in 2020-21. The rate of Rs 2.90 per unit for usage below 50 units a month could go up to Rs 3.50. Rates for up to 100 units may rise from Rs 3.40 to Rs 4.20 per unit from the next financial year. No suggestion for price hike for power consumption under 40 units has been made.
The board had suggested a hike of Rs 5 for the first 50 units for single-phase users, which stands at Rs 30 now. Those using above 50 units may have to pay Rs 40 instead of Rs 30, quotes Manorama.