CODISSIA opposes the proposed hike in power tariff from July 1
The Coimbatore District Small Industries Association has urged the Tamil Nadu government and the Tamil Nadu Electricity Regulatory Commission (TNERC) to not implement the proposed increase in power tariff for industries from July 1.
The Association president, M. Karthikeyan, said in a press release that the hike, if implemented, will impact the sustainability of the Micro, Small and Medium-scale Enterprises (MSMEs).
The industries are currently operating just 50% to 70% capacity due to high cost of raw material costs, increase in operational costs both in domestic and global markets, shortage of manpower, recent uncertainties such as the US import tariff, the geo political situation and war conflicts
A further rise in power tariff could lead to additional financial stress, reduction in industrial output, job losses and even closure of industries.
The government should reconsider the multi-year tariff revision and not implement any hike in electricity charges for the MSMEs, he said.
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