Post tariff cuts, Punjab power subsidy bill to drop by ₹5,300 crore
The power tariff cuts will help the Punjab government reduce its subsidy bill by a whopping ₹5,300 crore, easing the pressure on the state exchequer and easing the fiscal situation.
The Punjab State Electricity Regulatory Commission (PSERC) determined a cumulative revenue surplus of ₹7851.91 crore, accepting the PSPCL’s claim of achieving a Transmission and Distribution (T&D) losses target of 10% for FY 2026-27 against 12.75% submitted earlier by PSPCL in its Annual Recurring Revenue (ARR) and 11.80% approved by commission itself in order dated December 11, last year.
