RK Singh, Minister of State (Independent Charge) for Power and New and Renewable Energy, believes that consumers will save of up to 25 per cent on their monthly bills, thanks to the ₹90,000 crore earmarked for power distribution companies (Discoms) under the Aatmanirbhar Bharat economic package.
The package, announced on Wednesday, focusses on helping Discoms clear their dues to Central power generation companies (Gencos). In an interview to BusinessLine, Singh said that these Gencos will also be offering a discount to reduce procurement costs for Discoms that can be passed through to end consumers. Excerpts:
How much will be the effective savings on a consumers monthly electricity bills?
