Soothing News: No tariff hike likely in Punjab next year- PSPCL in profit
Kanwar Inder singh/ royalpatiala.in News/ December 14,2023
As per available information, “Punjab State Power Corporation Limited (PSPCL) in its annual revenue requirement (ARR) has mentioned that it will be surplus by Rs.1558 crores next year based on present tariff”. Practically it this implies that PSPCL has not sought any tariff increase for next year.
The annual revenue requirement for 2024-25 has been assessed at Rs.46383 crores and its annual income at the current rates will be Rs.47940 crores. The main component of ARR is power purchase cost which has been assessed at Rs.30062 crores followed by employees expenses of Rs.7281 crores. The transmission charges payable to PSTCL are Rs.1651 crores.
The subsidy payable by the Punjab Government has been assessed at Rs.21910 crores and this comprises of Rs.10148 crores for agriculture sector, Rs.8786 crores for Domestic consumers and Rs.2976 crores for industry.The domestic subsidy for free 300 units per month is Rs.7384 crores and further rebate of Rs.2.50 per unit not covered under free power is Rs.1401 crores.
As per sources the main reason for PSPCL increased income is that the “powercom start getting coal from its own mine -Panchwara coal mine. After the regular coal supply to PSPCL owned thermals at Lehra Mohabbat and Ropar they generated power on regular basis. Even in the lean period, due to regular generation from these thermal power plants the powercom sold the power to other states and fill its exchequer. Thirdly the state is regularly releasing the power subsidy to the powercom. ”
The total sale of electricity is likely to be 67273 million units including 15493 million units for the agriculture sector. Adding distribution and transmission losses the total energy requirement will be 78415 million units. The total power purchase is estimated to be 62880 million units making total availability of 79105 million units from all sources.
Soothing News: No tariff hike likely in Punjab next year- PSPCL in profit. PSPCL has sought to simplify the tariff slabs into two slabs. First slab comprising up to 300 units and second slab of above 300 units.
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