Few months will be taken for Power Hike

powerIn Hyderabad, it is taking still few months for the submission of Average Revenue Requirement by Discoms of both AP and since there is little time to complete the whole process. The financial year ends in another 75 days but still there is no substantial progress.

Both states have time till January 24 for submission of reports. If not they will be public hearing and ERC will finalize the tariff. The government has the option to change the tariff and send it back to ERC for ratification. This process may go beyond March 31st. It is mandatory that the new tariff be in place by April 1st.

ERC contains one chairman and two members. In the case of AP, the two members are yet to be nominated. The AP cabinet has not discussed the power hike in its last meeting but an indication to hike the tariff is already in the air. The committee formed to suggest the names, has forwarded four names to the government. CM N. Chandrababu Naidu is yet to pick two members.

In Telangana, ERC has no vacancies, the Discoms have been struggling hard to study and incorporate their views on some suggestions reportedly by CM KCR, an official of the energy department said.

Medaram Jathara

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