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Friday, January 27, 2023

Power tariff shocker for consumers

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Panaji:  Power shock in form of hike in tariff charges have come into effect in accordance with Fuel and Power Purchase Cost Adjustment Formula (FPPCA) which will be implemented for April, May and June.

 The computations of FPPCA for 4th Quarter of FY 2018-19 (January 2019-March 2019) will be levied for the consumption of April, May and June, as per the notification issued by the government.

Compared to the third Quarter, the power tariff hike is between Rs 3 to Rs 5 per unit for lower tension consumers.

As per new power tariff rates for first 100 units the charges would be Rs 14.42paisa  per unit, which was earlier Rs 11.40 paisa per unit.

For 101 to 200 units the charge per unit will be Rs 19.49 paisa per unit,  for 201 to 300 units Rs 25.34 paisa per unit, 301 to 400 units Rs 31.58 paisa per unit, and for consumption above 400 units the hike in tariff would be Rs 35.86 paisa per unit.

Similarly there will be hike in power bills of commercial establishments too.

The reconciliation of FPPCA is done every Quarter  and accordingly the increase or decrease  in fuel prices is passed on to the department , which in turn  passes it on to the consumers.  This is mandatory as per the regulatory directions of the JERC which regulates and governs all  such power purchase agreements.

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1 COMMENT

  1. If only the bills are issued monthly and collected monthly, Govt. will get more cash flow and may not need to increase the charges. Almost 60 days gap is there between each payment. Time to speed up things and not increase costs because of GED inefficiency

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