APERC Chairman C.V. Nagarjuna Reddy releasing the doc of electrical energy tariffs for the monetary 12 months 2023-24, in Visakhapatnam on Saturday.
| Photo Credit: Okay.R. DEEPAK
Andhra Pradesh State Electricity Regulatory Commission (APERC) Chairman C.V. Nagarjuna Reddy has stated that there won’t be any improve in the power fees in the monetary 12 months 2023-24.
“Every electricity consumer can heave a sigh of relief as there will be no additional burden on the electricity charges,” Mr. Nagarjuna Reddy stated whereas addressing the media right here on Saturday.
Mr. Nagarjuna Reddy stated, “The decision has been taken as the State Government committed itself to bridge the revenue gap of ₹10,135.22 crore faced by the three power distribution companies — Visakhapatnam-based EPDCL, CPDCL [Vijayawada] and SPDCL [Tirupati].”
The Discoms had really projected a income deficit of ₹14,028.764 crore in their Annual Aggregate Revenue report, he stated.
“Electricity charges have to be increased to bridge the revenue gap. Also, alternative means have to be explored to reduce the shortfall. The APERC has revised the Discoms’ projected deficit to ₹10,135.22 crore. The government has come forward to bear the amount in the form of subsidy under Section 65 of the Electricity Act, 2023,” Mr. Nagarjuna Reddy stated.
The subsidy given by the federal government would go to the farmers who have been being given 9 hours of free electrical energy and different beneficiaries. “Therefore, there will be no increase in the electricity charges in the new fiscal,” he stated.
“Energy-incentive industries are an exception. For them, we have accepted the proposed demand charges of ₹475 per kVA per month,” he stated.
‘Awareness needed’
Later, talking to The Hindu, Mr. Nagarjuna Reddy stated consciousness on suggestions, recommendations and objections to the APERC’s annual public listening to was wanted to scale back the rising variety of irrelevant points.
Educated youth ought to pay attention to the electrical energy provide system, targets of the APERC, position of the governments and public duty, and provide you with legitimate factors that will assist in supplying electrical energy at inexpensive worth to the patron, he noticed.
Active participation of customers in the APERC public listening to needs to be inspired by all stakeholders, together with Consumer Forums, he stated.
Camp workplace in Vizag
He stated that his group inspected the continued works pertaining to the camp workplace developing on the premises of the APEPDCL Corporate Office in town at an estimated price of ₹1.5 crore. Mr. Nagarjuna Reddy advised some enhancements and expressed satisfaction over the progress of the works. The camp workplace can be inaugurated by June, sources stated.
