logo
Need tariff hike to buy power to meet load requirements: Dept

Need tariff hike to buy power to meet load requirements: Dept

Time of India09-05-2025

Panaji: The electricity department has cited increased
power load requirements
and rising power costs as justification for its proposed
power tariff hike
for the next three years in the state.
It has proposed a tariff hike of 5.95%, 5.64%, and 4.88% for 2025-26, 2026-27, and 2027-28.
For the two years after that, no hike has been proposed.
Once approved by the
Joint Electricity Regulatory Commission
(JERC), the tariff hike could come into effect from June. Chief electrical engineer, Stephen Fernandes, said on Friday that the hike is necessary because the power load in the state has increased by an average of 10% over the past three years, forcing the state to buy power at high rates to meet the shortfall.
'Fortunately, Goa has long-term contracts — 25 to 30 years old — with the National Thermal Power Corporation from whom it buys power for between Rs 1.8 paise and Rs 3.15 paise.
Operation Sindoor
PM Modi meets NSA, chiefs of armed forces amid spike in tensions with Pak
India's air defence systems shoot down Pak drones in J&K, Punjab & Rajasthan
Several airports in India to be closed till May 15 - check list
If long-term thermal agreements are signed now, we will have to pay Rs 6 or 7 per unit of power,' he said. 'During peak hours, our power demand increases by almost 25-35%,' he added, noting that during peak hours, the department must purchase power from the open market at the rate of Rs 10 per unit.
Consumers at the public hearing, however, said people would be financially burdened and industries would be affected. They appealed to the JERC to keep the tariff hike on hold until the department recovers outstanding dues from govt departments and other defaulters first.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
AI guru Andrew Ng recommends: Read These 5 Books And Turn Your Life Around in 2025
Blinkist: Andrew Ng's Reading List
Undo
The consumers said the department has huge dues to recover, which is affecting billing and also burdening people who honestly pay bills. They pointed out the department's failure to recover dues from cable TV operators and others utilising the department's poles to hang their cables and signage.
Consumers also asked about action on power thefts.
Goa Consumer Action Network coordinator, Roland Martins, said the department should have held a public discussion to explain the new classifications of categories of consumers.
He suggested that the department constitute a separate cell to check houses being turned into tourism businesses but being billed on domestic tariff. He also said govt failed to recover money from the failed aerial bunch cabling project.
Fernandes, however, said there is no correlation between the recovery of outstanding dues and the tariff hike. He added that power thefts don't take place in Goa on a large scale. Most of the time, it is consumers running commercial businesses under domestic connections. The JERC cut short the public hearing, permitting few consumers to speak and asking the rest to send their concerns and suggestions on the power tariff via email instead.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Zee Entertainment Enterprises Ltd up for third straight session
Zee Entertainment Enterprises Ltd up for third straight session

Business Standard

time33 minutes ago

  • Business Standard

Zee Entertainment Enterprises Ltd up for third straight session

Zee Entertainment Enterprises Ltd is quoting at Rs 133.17, up 1.62% on the day as on 12:49 IST on the NSE. The stock is down 20.16% in last one year as compared to a 8.09% slide in NIFTY and a 16.51% slide in the Nifty Media index. Zee Entertainment Enterprises Ltd gained for a third straight session today. The stock is quoting at Rs 133.17, up 1.62% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 25209.65. The Sensex is at 82725.53, up 0.41%. Zee Entertainment Enterprises Ltd has gained around 13.68% in last one month. Meanwhile, Nifty Media index of which Zee Entertainment Enterprises Ltd is a constituent, has gained around 9.28% in last one month and is currently quoting at 1731.65, up 0.35% on the day. The volume in the stock stood at 81.05 lakh shares today, compared to the daily average of 108.98 lakh shares in last one month. The PE of the stock is 16.06 based on TTM earnings ending March 25.

Biocon Ltd soars 3.52%, Gains for third straight session
Biocon Ltd soars 3.52%, Gains for third straight session

Business Standard

time33 minutes ago

  • Business Standard

Biocon Ltd soars 3.52%, Gains for third straight session

Biocon Ltd is quoting at Rs 353.2, up 3.52% on the day as on 12:49 IST on the NSE. The stock is up 4.22% in last one year as compared to a 8.09% gain in NIFTY and a 11.76% gain in the Nifty Pharma index. Biocon Ltd is up for a third straight session in a row. The stock is quoting at Rs 353.2, up 3.52% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 25209.65. The Sensex is at 82725.53, up 0.41%. Biocon Ltd has added around 7.63% in last one month. Meanwhile, Nifty Pharma index of which Biocon Ltd is a constituent, has added around 4.53% in last one month and is currently quoting at 21948, up 0.51% on the day. The volume in the stock stood at 47.75 lakh shares today, compared to the daily average of 26.07 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 354.1, up 3.46% on the day. Biocon Ltd is up 4.22% in last one year as compared to a 8.09% gain in NIFTY and a 11.76% gain in the Nifty Pharma index. The PE of the stock is 0 based on TTM earnings ending March 25.

Natco Pharma Ltd gains for third consecutive session
Natco Pharma Ltd gains for third consecutive session

Business Standard

time33 minutes ago

  • Business Standard

Natco Pharma Ltd gains for third consecutive session

Natco Pharma Ltd is quoting at Rs 908.15, up 3.01% on the day as on 12:49 IST on the NSE. The stock is down 22.31% in last one year as compared to a 8.09% spurt in NIFTY and a 11.76% spurt in the Nifty Pharma index. Natco Pharma Ltd gained for a third straight session today. The stock is quoting at Rs 908.15, up 3.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 25209.65. The Sensex is at 82725.53, up 0.41%. Natco Pharma Ltd has risen around 8.92% in last one month. Meanwhile, Nifty Pharma index of which Natco Pharma Ltd is a constituent, has risen around 4.53% in last one month and is currently quoting at 21948, up 0.51% on the day. The volume in the stock stood at 13.07 lakh shares today, compared to the daily average of 7.32 lakh shares in last one month. The PE of the stock is 8.53 based on TTM earnings ending March 25.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store