SERC approves tariffs
GK NEWS NETWORK
Jammu, Apr 30: The State Electricity Regulatory Commission has approved tariffs for each consumer category in line with it approach to cost coverage and its tariff philosophy which have been dealt with in detail in the tariff order.
Against the proposed overall increase of 62 percent in the retail tariffs, the Commission has approved an increase of nearly 12 percent with an impact on revenue of 14 percent. The approved tariffs for 2010-11 are summarized. Those interested may visit the Commission’s website www.jkser.nic.in for detailed tariff order.
The Power Development Department filed petitions before the Commission for approval of Annual Revenue Requirement and determination of tariff for financial years 2009-10 and 2010-11. The Commission examined in detail the tariff proposals of PDD and the projected costs for each for the items of the ARR.
While deciding the tariff, the Commission has considered the responses received from various stakeholders and issues raised during the public hearings held at Jammu and Srinagar on March 13 and 15 respectively. The JKPDD’s gross ARR for financial year 2009-10 and financial year 2010-11 has been approved at Rs.2959.90 crore and Rs.2978.05 crore with a revenue gap of Rs.2163.67 crore and Rs.1891.75 crore respectively.
Lastupdate on : Fri, 30 Apr 2010 21:30:00 Makkah time
Lastupdate on : Fri, 30 Apr 2010 18:30:00 GMT
Lastupdate on : Sat, 1 May 2010 00:00:00 IST
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