Freight, coal costs up, power to be dearest in Punjab in region

Ludhiana | Sunday | 22nd July, 2018

Summary:

By increasing tariff, Punjab State Power Corporation Limited (PSPCL) hopes to recover Rs 146.35 crore, the increase in expenses expected due to the hike in coal and freight prices. In April, the PSERC permitted the corporation to charge FCA surcharge of Rs 103.34 crore. PATIALA: Electricity is set to cost more yet again in Punjab. Accordingly, the fuel cost of PSPCL’s thermal generating stations was reworked by considering the actual transit loss.The regulator said that while calculating the chargeable FCA per unit, PSPCL considered the consumption figures of January to March 2018. The state regulator for power has given a go-ahead to the PSPCL to hike its fuel cost adjustment (FCA) surcharge in order to overcome an increase in coal and rail frieght prices.With the new move, the per unit cost of power in Punjab is expected to be between Rs 5.06 a unit to Rs 7.33 a unit for domestic consumbers — the highest amongst all northern states..