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Home News Power Sector News UPPCL's tariff hike to be verified by regulator

UPPCL's tariff hike to be verified by regulator

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UPERCA day after it quashed the proposal by UP Power Corporation Limited (UPPCL) to raise power tariff for 2013-14 in the absence of audited balance sheet for financial year 2010-11, the UP electricity regulatory commission (UPERC), on 12-03-2013, asked the power utility to get the new tariff notification verified by the regulator before it is made public.

The regulator's hard stance flew into the face of UPPCL top brass which has been seeking issuance of revised power tariff in a bid to raise its revenue and get timely Central assistance under the power restructuring plan.

UPERC members, Meenakshi Singh and Sri Ram, said in their order that the corporation should get the notification endorsed by the commission at least three days in advance before it is published.

Meanwhile, the UP Rajya Vidyut Parishad Abhiyanta Sangh too demanded action against those responsible for unaudited accounts.

The association said in a statement that the situation potentially threatens to derail the power sector restructuring plan of the UP government. The association also demanded the state government to recover Rs 8,000 crore pending with various government departments towards the UPPCL. Recovering that amount would not only bring enough revenue to the financially-starved utility but also do away with the need to raise the power tariff and burden domestic consumers.

Source- TOI


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