The average increase of 30 to 35 paise per unit of power consumed with respect to BESCOM allowed by Karnataka Electricity Regulatory Commission (KERC) would cast a heavy burden to all categories of consumers, said Sudhakar S Shetty, President of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI).
Reacting to the power price hike, Shetty said “the affect on economy as any increase in HT tariff would reflect on the selling price of raw materials namely iron, steel, forgings and castings which are primary input materials for all the engineering industries”. Industries are on downward trend with nearly one crore employees likely to be unemployed. “In such a situation, it is not advisable to hike the power tariff particularly for industrial and commercial category,” Shetty explained
