No power tariff hike in Uttar Pradesh for fourth year in a row
LUCKNOW The UP Electricity Regulatory Commission (UPERC) on Thursday announced the power tariff for 2023-24 without increasing rates for the fourth year in a row.
“There is no increase in tariff for any consumer category,” stated the tariff order signed and issued jointly by UPERC chairman RP Singh and members BK Srivastava and Sanjay Singh.
The regulator rejected the state discoms’ proposal for 18-23% average hike during the current financial year, observing that they (state discoms) will have cumulative surplus revenue of ₹7,988.81 crore in FY 2023-24 and hence needed no tariff hike to meet their expenses.
