JSERC asks Tata Steel to increase power tariff only from April 1
Chairperson of the Jharkhand State Electricity Regulatory Commission (JSERC), Arbind Prasad, has said that Tata Steel power tariff can be hiked from April 1, 2020.
He was chairing a public hearing at Tube Maker’s Club on the power tariff hike petition filed by Tata Steel for its distribution area (Jamshedpur town) to meet its annual revenue requirement (ARR) for the fiscal 2019-20.
“We think that there is no point in raising the power rate at the moment as only few months are left for the new financial year. I would ask the Tata Steel to raise the hike from April 1, 2020,” the chairperson said.
Tata Steel Utilities and Infrastructure Services Limited (formerly Jusco) power division general manager, VP Singh had requested the commission that it was necessary to raise the hike this fiscal itself as otherwise it would lead to further increase in revenue gap.
