The power tariff hike has evoked strong reactions from industry bodies with the Federation of Karnataka Chambers of Commerce and Industries (FKCCI) warning that many industries will shut down if the revision isn’t rolled back.
The Karnataka Electricity Regulatory Commission (KERC) on Wednesday revised the electricity charges for all consumers, with the hike for commercial and industrial units set at 25 paise per unit.
The Karnataka Small Scale Industries Association (Kassia) said it was “shocked” by the announcement.
“The impact of the hike will be particularly disastrous for MSMEs as they struggle to revive operations amid the pandemic and a severe slowdown in the economy. We had actually urged the KERC at tariff hearings to reduce the rates,” it said.
