Your power bill may soon turn lighter

People across the country will have something to cheer about as they can expect lower electricity bills in the coming year or so.

According to officials, power tariffs can fall 3 to 5 paisa per unit across the country.

This is because power distribution companies (Discoms) have been paying in advance for the electricity they buy from generating companies (Gencos).

Power Ministry letter

The expectation of a fall in tariff is raised by a letter written by the Ministry of Power asking the Central and State Electricity Regulators to reduce the fixed cost component allowed to Gencos because of the reduced working capital requirement.