RPG Group's power utility CESC is likely to earn an additional around
Rs 212 crore from the proposed hike in average power tariff to be
levied on its 22 lakh consumers for the financial year 2008-09.
CESC has sought the hike through a filing with West Bengal Electricity
Regulatory Commission for determination of tariff for three
consecutive fiscals 2008-09, 2009-10, 2010-11, company sources said.
CESC has sought an average price of Rs 4.13 a unit for 2008-09 a rise
of 38 paisa or 10.1 per cent over last year. The company has cited
steep increase of both primary and secondary fuel prices for the
increase.
WBERC had already allowed an interim raise of 10 paisa in tariff in
March. With this, the CESC is currently charging an average tariff of
Rs 3.86 for a unit.
Once WBERC delivers final order, CESC would adjust the provisional
rise in tariff of 10 paisa for 2008-09. For the fiscal 2007-08, WBERC
had allowed only one paisa raise in tariff. Sources said with each
paisa hike in tariff the revenue effect to CESC is close to Rs 5.6
crore.
While filing with WBERC, CESC has asked a tariff of Rs 4.13 for
2008-09, Rs 4.25 for 2009-10 and Rs 4.22 for 2010-11. The company
proposes to make the tariff for each year effective from the month of
April
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