Power bills set to shoot up from Sept in Maharashtra
August 28, 2012 16:36
Get set for a hike in your electricity bills if you stay in Maharashtra. From September, the Maharashtra Electricity Regulatory Commission is hiking the fuel adjustment cost ceiling to 20 percent from the present 10 percent.
"...The commission revises the average FAC ceiling to 20 percent of variable tariff for all distribution licensees in the state," MERC said in its order yesterday.
The revised FAC ceiling will come into effect (for the FAC allowable to be charged to consumers) from September onwards. The Fuel Adjustment Cost is a variable energy rate that can fluctuate each quarter with fuel and purchased power costs of suppliers.
The decision is bound to affect monthly budgets of consumers who are already reeling under high tariffs and will now have to factor in the hike.
"...The commission revises the average FAC ceiling to 20 percent of variable tariff for all distribution licensees in the state," MERC said in its order yesterday.
The revised FAC ceiling will come into effect (for the FAC allowable to be charged to consumers) from September onwards. The Fuel Adjustment Cost is a variable energy rate that can fluctuate each quarter with fuel and purchased power costs of suppliers.
The decision is bound to affect monthly budgets of consumers who are already reeling under high tariffs and will now have to factor in the hike.
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