Thiruvananthapuram: The Kerala State Electricity Regulatory Commission (KSERC) has launched measures to fix power tariff in the state for the next four financial years in one go.
Apart from the proposed per unit thermal surcharge of 14 paise, the Kerala State Electricity Board (KSEB) has submitted a formal request to the Commission seeking a hike of 4 paise per unit.
The draft of the multi-year tariff regime is notified under the KSERC (Terms and Conditions for Determination of Tariff) Regulations, 2014.
Currently, the tariff structure is subjected to review on an annual basis. Under the existing system, the KSEB can hike the tariff by 4 per cent across the board. If the KSEB had to purchase costly power from outside, it can later demand a hike in the surcharge. The multi-year tariff regime, which has been adopted by many states in the country, would allow the utility and its commercial consumers plan their budget accordingly.
Terms and conditions in the draft recommendations are available on the KSERC website. Public hearings will be held across the state on the recommendations before finalizing the tariffs by next month.
As per norms, the KSEB requires to notify the Commission the details of the additional expenses incurred in purchasing power from outside once in three months in order levy thermal surcharge. Conforming to this guideline, KSEB approached the Commission the other day seeking a hike of 4 paise per unit.
Earlier, the Board had requested to affect a hike of 14 paise per unit for three months in order to offset the ‘loss’ of Rs 74.6 crore incurred while purchasing power from outside between April-June 2016. The commission has already held public hearings on the proposal. The revised tariff is expected to be announced soon.