Congress warns against any hike in power tariff

Image
Press Trust of India New Delhi
Last Updated : Jun 20 2014 | 10:24 PM IST
Congress today warned against any possible hike in power tariff, saying it will launch a massive agitation if the rates are increased by power regulator DERC, coming under pressure from private power distribution companies.
Senior Delhi Congress leader Mukesh Sharma said this while holding a protest at the Siri Fort Auditorium where Delhi Electricity Regulatory Commission held a public hearing on reviewing the power tariff.
The electricity regulator has already given indication of a hike in tariff.
"We will launch a massive agitation in the city if the electricity rates are hiked again. We will gherao the Prime Minister's residence as well as Raj Bhawan," Shrama said. He was later detained by police for violating prohibitory orders.
Sharma said in BJP will be held responsible in case of any hike as the city is under central rule.
"Delhi is under central rule and BJP is the ruling party at the Centre. So BJP will be responsible for any hike in tariff," he said.
The former MLA from Uttam Nagar also regretting hiking power tariff for so many times during 15-year rule of Congress and accused the private discoms of "looting people".
"Forgive us if we made any mistake. The discoms are looting people and we will not tolerate any more hike in tariff," he said.
A number of organisations and individuals, who participated in the hearing opposed any hike in tariff.
The power tariff in the city was hiked by 22 per cent in 2011 followed by five per cent hike in February 2012. The tariff was hiked by up to two per cent in May 2012 year and again by 26 per cent for domestic consumers in July 2012
The tariff was hiked by up to three per cent in February last year and again by five per cent in August last.
It was hiked by up to eight per cent in January this year.
Demanding a significant hike in tariff, the discoms have been arguing that cost of buying power has increased primarily on account of an increase in the input prices of raw material like coal and gas.
As per official figures, around 80-90 per cent of total revenue of discoms goes into purchasing power from central and state government owned entities through long term power purchase agreement, at rates determined by the central and state regulators.
The AAP government in January had announced providing 50 per cent subsidy on power consumption up to 400 units. But the subsidy came to an end on March 31.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 20 2014 | 10:24 PM IST

Next Story