Electricity distributor Punjab State Power Corporation Limited (PSPCL) has sought 11% tariff hike for the 2024-25 fiscal year, the lowest in the last 15 years.
PSPCL submitted its annual revenue requirement (ARR) of 11% to the Punjab State Electricity Regulatory Commission (PSERC) on November 30 and it was accepted by the commission on Thursday.
The PSERC would analyse and apply prudent checks on the submission of the PSPCL and would decide the tariff before 31 March, 2024.
