Electricity gets costly in Bihar, as the state's power regulator announced a 2.5 percent hike in the tariff. The consumers in urban areas now need to pay 15 paisa more per unit, and the consumers in rural areas will have to pay 10 paisa more per unit.
The revised tariffs announced by the Bihar Electricity Regulatory Commission (BERC) on 16-03-2015 would be applicable from April 1st this year.
The BERC accepted the proposal from the state power holding company regarding the hike in prices. The power holding company will make a yearly profit of Rs 113 crore with this hike in price.
"In comparison to the present rate of electricity, the customers will cater to a 2.5 percent hike in the rate. The non-meter consumers in rural areas will have to pay Rs 10 more on their fixed charge," said U.N Panjiyar, superintendent of Bihar regulatory commission.
The Company had demanded a 20.66 percent hike in the rate of electricity; this was done to make-up the loss of Rs 1057.22 crore.
In 2013, the rate was increased somewhere from 25 paisa to 60 paisa. The year 2014 did not have any change in rate.
Rs 15 more per 100 unit of consumption:
As per the new electricity rates, residential areas, low-tension industrial and high-tension industrial consumers will have to pay Rs 15 more per 100 units. In urban areas, an extra Rs 1 per 10 units will be charged.
The BERC has issued notice regarding no hike in electricity prices for farmers, steel light and water works.