4 months ago
3
While Karnataka’s powerfulness utilities property for regulatory support to span a cumulative gross spread of astir ₹4,900 crore, manufacture assemblage Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has opposed immoderate energy tariff hike, informing that higher powerfulness costs would severely impact industries and factories successful the State.
This comes amid filings by the State’s 5 energy proviso companies (ESCOMs) earlier the Karnataka Electricity Regulatory Commission (KERC), seeking truing-up of their accounts for 2024–25, and flagging a crisp mismatch betwixt approved costs and existent expenditure.
APR submissions
According to the yearly show reappraisal (APR) submissions, Bescom unsocial has reported a gross spread of ₹2,802.82 crore, the highest among each Escoms.
The Escoms have attributed the shortfall to higher-than-estimated powerfulness acquisition costs, increased interest and concern charges, rising cognition and attraction expenditure, and lower-than-expected revenue realisation in respective areas. They person argued earlier the regulator that a tariff revision is required to maintain fiscal viability.
However, Bescom’s ain petition to KERC does not spell retired the quantum of tariff hike being sought. In their prayer, the inferior has lone requested support for truing-up of its Financial Year (FY) 2025 accounts based connected audited figures, without proposing immoderate per-unit summation oregon consumer-category-wise tariff revision.
As per Bescom’s submission, its nett aggregate gross request (ARR) for FY 2025 stood astatine ₹34,708.97 crore against gross from sale of powerfulness of ₹31,905.88 crore, resulting successful a shortage of ₹2,802.82 crore. While Bescom has indicated an mean outgo of proviso of ₹9.35 per unit, it has stopped abbreviated of translating the gross spread into a circumstantial tariff proposal, leaving the determination of immoderate summation to the Commission.
Lower realisation
Bescom has attributed the shortage chiefly to little tariff realisation, achieving an mean of ₹8.59 per portion against the approved ₹9.54, higher powerfulness acquisition costs, accrued concern expenses, and a diminution successful different income. At the aforesaid time, it has claimed savings of ₹110.05 crore owed to simplification successful organisation losses beneath the levels approved by KERC.
KERC officials said that the proposals for a hike are nether discussion, but hikes are expected to instrumentality spot shortly.
