Brace for 2.5% hike in power bill this month
Bhopal: Energy bills will be dearer by 2.51% this month. These rates will be applicable between May 24 and June 23. However, if compared with the power tariff during the same period in the previous month, ie, between April 24 and May 23, it will be 2.16% cheaper.
This is because the fuel and power purchase adjustment surcharge (FPPAS) for the previous month was 4.67%, and for the current corresponding period, ie, between May 24 and June 23, it is 2.51%.
This means that during the previous month — same period — the consumers paid 4.67% above the tariff decided for this financial year, but for the same period in the current month, the consumers will only have to pay 2.51% above the tariff for this year.
Thus, effectively for the current period, consumers will be paying 2.16% less compared to the previous month.
The fuel and power purchase adjustment surcharge (FPPAS) is levied over and above the tariff decided by the regulator for this financial year. The levying of FPPAS month-on-month is being done under an amendment of MPERC that allows discoms to increase the tariff month on month since the last fiscal.
Sources said that this FPPAS for May 24 and June 23, is based on the difference between the actual power purchase cost and the estimated power purchase cost for the month of March of this year.
by Taboola
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As per an amendment to MPERC Regulations 2021 last fiscal, the regulator allowed for FPPAS to be 'calculated and billed by the distribution licensee to consumers, automatically, without going through the regulatory approval process, on a monthly basis'.
The power tariff is decided by the regulator on the basis of the estimated cost of production of energy for a financial year. If there is an increase or decrease in costs after the end of the fiscal, discoms move 'true up petitions' before the regulator.
After new regulations, the difference in the estimated cost of fuel for production in a particular month and the actual cost can be levied on consumers in the next month in the form of a revised tariff.
Besides these, the hearing on the actual overall annual revenue requirement (ARR) petition of the discom, in which the discom urged the regulator to allow it to increase the power tariff by 7.52% for the financial year 2025-26 starting from April 1. However, the regulator has allowed a hike of 3.46% for this year. This FPPAS will be above this 3.46% hike.
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