TS DISCOM :The power tariff will hike up

 SMTV Desk 2017-01-18 11:26:51  Hyderabad, power tariff,Telangana electricity distribution companies
TS DISCOM :The power tariff will hike up

Hyderabad, January 18: Telangana Power Sector made several developments in power sector. Telangana electricity distribution companies have sought more time to submit new power tariff hike proposals for the next financial year. This would be the third time that power discoms have sought extension of time for submitting tariff hike proposals.The two distribution companies, Northern Power Distribution Company Limited and the Southern Power Distribution Company Limited, sought extension of time till January 26 to finalize the tariff proposals.The Discoms submitted their annual revenue requirement (ARR) proposals on November 30, 2016, to the Telangana State Electricity Regulatory Commission (ERC) and sought from it one month time to submit the tariff proposals. On December 31, both Discoms once again requested another extension till January 18 for finalizing the proposals. "Now, we have asked another week s time to prepare and submit the proposals. The final tariff proposals will be presented to the ERC on January 26," said a senior official in the energy department. While submitting the ARR, the Discoms did not included the revenue deficit anticipated for the next financial year which includes power purchase cost, employee wages cost and transmission and distribution costs."This will greatly change the revenue deficit and annual revenue requirement figures. Now, we will present the revised figures to the state government and based on the subsidy assured by the state government, the tariff hike will be decided," said a Telangana Transco official.The TRS government had sanctioned Rs 4,385 crore towards its subsidy to the power sector last financial year but are not sure yet as to the extent of subsidy this time.The Discoms submitted their annual revenue requirement (ARR) proposals on November 30, 2016, to the Telangana State Electricity Regulatory Commission (ERC) and sought from it one month time to submit the tariff proposals.