Power tariffs to move in line with rising input cost: PowerMin
Indicating that power tariffs could go up further, Power Ministry has said the price of electricity has to match the rising cost of inputs. Lower realisation of tariffs compared to higher power generation costs and huge Aggregate Technical & Commercial losses are major factors contributing to the dire financial health of state-owned power distribution companies. Pitching for periodic tariff revisions, the Reserve Bank of India has said rising losses of discoms have raised “serious concerns” for banks and financial institutions. In its annual report ‘State Finances: A Study of Budgets of 2012-13’, RBI said financial losses of state power discoms continue to act as a “drag on finances of states“. According to RBI, non-revision of tariffs, subsidy arrears, high cost of buying short-term power and high distribution losses are among key reasons for financial ill health of discoms.
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