The Punjab State Electricity Regulatory Commission (CRSPC) issued the tariff decree for the fiscal year (FY) 2021-2022. The new prices will be applicable from June 1, 2021, and will be valid until March 31, 2022.
In view of the resurgence of the Covid-19 pandemic, the Commission has decided to reduce tariffs for residential consumers with a load up to 2 kW and consumption slabs from 0 to 100 units and from 101 units to 300 units of 1 ((~ $ 0.014) / kWh and ₹ 0.50 (~ $ 0.007) / kWh, respectively. Rates for both categories were set at 3.49 (~ $ 0.048) / kWh and 5.84 ( ~ $ 0.081) / kWh, which were previously ₹ 4.49 (~ $ 0.062) / kWh and 6.34 (~ $ 0.087) / kWh, respectively.
For residential consumers with a load between 2kW and 7kW and for consumption slabs of 0-100 units and 101-300 units, the rates have been reduced by ₹ 0.75 (~ $ 0.01) / kWh and ₹ 0.50 (~ $ 0.07) / kWh, respectively. The rates for the two categories for fiscal year 2021-22 are 3.74 (~ $ 0.052) / kWh and 5.84 (~ $ 0.081) / kWh, in that order.
The reduced fees are expected to result in financial relief in the amount of 6.82 billion yen (~ $ 93.97 million).
For fiscal year 2021-2022, the Commission determined the overall revenue requirements of the Punjab State Power Corporation at 329.82 billion yen (~ $ 4.54 billion) and 13.32 billion yen (~ 183 , $ 54 million) for the Punjab State Transmission Corporation.
The new order has not weighed on small and medium industrial consumers with increased tariffs. The tariff for the agricultural pump units category has been increased by 0.09 (~ $ 0.001) / kWh, and the cross subsidy surcharge for the category has been reduced from 14.41% to 12.05%.
The cross-subsidy surcharge for large consumers has been set at ~ 0.65 (~ $ 0.008) / kWh, and for non-residential supply it is 1.28 (~ $ 0.016) / kWh. The cross subsidy surcharge has been set at ₹ 1.27 (~ $ 0.017) / kWh for bulk supply.
The tariff increase for large industrial consumers was kept at less than 2%.
In addition, according to the order, the Board decided to continue its policy of encouraging industry to promote the use of surplus electricity by offering a lower energy rate of 4.86 (~ $ 0.067). / kVAh for electricity consumption exceeding the limit threshold. . Additionally, the voltage discount will be on top of the capped energy charge of ₹ 4.86 (~ $ 0.067) / kVAh.
The Commission maintained the special nightly rate with a fixed charge of 50% and an energy charge of 4.86 (~ $ 0.067) / kVAh for industrial consumers using electricity between 10 p.m. and 6 a.m. on next day.
In view of industry requirements, the ability for night-class consumers to use electricity for the extended four-hour period from 6 a.m. to 10 a.m. at the normal rate has been extended for the whole year.
Recently, the Ministry of Energy issued a notification directing national electricity regulatory commissions to issue tariff decrees for the 2020-21 fiscal year at the earliest. The ministry instructed state commissions to strictly adhere to the instructions of the Electricity Appeal Tribunal and issue tariff orders, in accordance with the provisions of the Electricity Act 2003.
Previously, PSERC had set additional charges payable by consumers using electricity through open access sources in the state. For open access consumers (partial and full) who use energy beyond the contractual demand maintained with the distribution licensee, the additional surcharge has been set at ₹ 1.16 (~ $ 0.016) / kWh. Partial open access consumers who use electricity until contract demand must pay ₹ 0.83 (~ $ 0.011) / kWh as an additional supplement.
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Rakesh is a journalist at Mercom India. Prior to joining Mercom, he held numerous positions as Business Correspondent, Associate Editor, Senior Content Editor and Sub Editor at bcfocus.com, CIOReview / Silicon India, Verbinden Communication and Bangalore Bias. Rakesh holds a BA in English from Indira Gandhi National Open University (IGNOU). More articles by Rakesh Ranjan.