{"id":390852,"date":"2020-12-22T10:40:20","date_gmt":"2020-12-22T05:10:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390852"},"modified":"2020-12-22T11:56:20","modified_gmt":"2020-12-22T06:26:20","slug":"electricity-overcharging-cross-subsidies-cost-businesses-rs-75k-crore-in-fy19","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/electricity-overcharging-cross-subsidies-cost-businesses-rs-75k-crore-in-fy19\/","title":{"rendered":"Electricity overcharging: Cross-subsidies cost businesses Rs 75k crore in FY19"},"content":{"rendered":"<p>Since the National Tariff Policy 2016 prescribed the tolerable extents of cross-subsidy among various segments of electricity consumers, the market-distorting system that jacks up the costs of industries and businesses, hasn\u2019t seen even a smidgen of correction. In fact, in absolute term, the cross subsidies have marginally increased in the four years to FY19 (see chart). <\/p>\n<p>Among them, industrial and commercial consumers have borne a cross-subsidy burden of Rs 75,027 crore in FY19 against Rs 67,785 crore in FY16. Of course, a larger part of the subsidies \u2013 largely cornered by the domestic and agriculture consumers \u2013 is borne by state governments and these were to the tune of Rs 1.1 lakh crore in FY19, `against Rs 75,608 crore in FY16.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the National Tariff Policy 2016 prescribed the tolerable extents of cross-subsidy among various segments of electricity consumers, the market-distorting system that jacks up the costs of industries and businesses, hasn\u2019t seen even a smidgen of correction. In fact, in absolute term, the cross subsidies have marginally increased in the four years to FY19 (see chart). Among them, industrial and commercial consumers have borne a cross-subsidy burden of Rs 75,027 crore in FY19 against Rs 67,785 crore in FY16. Of course, a larger part of the subsidies \u2013 largely cornered by the domestic and agriculture consumers \u2013 is borne by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-390852","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=390852"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390852\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}