CHENNAI: The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) is likely to commence the process to hike electricity tariff in the State soon. This follows an instruction by the Union government to the loss-making power utility to revise the tariff by February 15, 2022.
Although the Electricity Act mandates charges be updated every year, TANGEDCO has failed to do so in the past two years. It has also not submitted its balance sheet to the Tamil Nadu Electricity Regulatory Commission (TNERC) every April, as required, in the past couple of years. Sources in TANGEDCO said it can hike power charges by up to 20 per cent as per the Act, but is yet to submit a proposal before TNERC in this regard. It has run up a massive Rs 1.5 lakh crore loss since 2008-09.
