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KERC set to announce hike in electricity tariffs

The Karnataka Electricity Regulatory Commission (KERC) on Monday announced the revision of tariffs. The revised tariffs will be applicable from the start of the new financial year i.e., April 1.

Usually, the hike is announced in the last week of March every year and the hike comes to effect from April 1. But as the poll code of conduct was in place, the commission had to wait till the elections were over.

The five electricity supply companies (Escoms), in their tariff petitions submitted last year, had sought hike ranging from 82 paise to ₹1.62 per unit for the financial year 2018-19.

For citizens, there will be no respite as the hike will have retrospective effect. This means the electricity bill that will be generated after May 14 will include the tariff hike, calculated from April.

In a bid to stagger power usage and better grid management, the KERC has announced a concession of Rs. 2 per unit to industrial consumers if they consume power between 10 pm and 6 am. With solar power generation increasing, escoms will have to provide power for six hours overall to farmers, three hours each during day and night, until October.
In 2017-18, the commission put into effect a steep hike of 48 paise per unit, as against the proposal of Rs 1.48 (the average of all Escoms). It was the highest tariff hike passed on to consumers in the previous five financial years and slammed by consumers.

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