India News | Karnataka Energy Minister Addresses Power Tariff Revision Speculations

Get latest articles and stories on India at LatestLY. Amid speculations about a potential power tariff revision, Karnataka Energy Minister K J George on Friday stated that all stakeholders would be consulted before a decision is made.

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India News | Karnataka Energy Minister Addresses Power Tariff Revision Speculations

Bengaluru, Dec 6 (PTI) Amid speculations about a potential power tariff revision, Karnataka Energy Minister K J George on Friday stated that all stakeholders would be consulted before a decision is made.

The speculation followed a proposal from Bangalore Electricity Supply Company (BESCOM), which reportedly suggested a power tariff hike to the Karnataka Electricity Regulatory Commission (KERC).

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Responding to queries, a senior official told PTI, "It's still in the discussion stage," adding, "nothing has been finalised yet."

No official announcements have been made by the government, and everyone was part of the meeting, the official said.

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Speaking to reporters, Minister George said, "It is a routine process. Electricity Supply Companies (ESCOMs) submit a proposal to KERC. They will call all stakeholders, discuss, and finalise. Last time, it was Rs 2.50, but they did not implement such a hike. Anyway, we will see what KERC decides."

He added, "There was a pension fund when KEB (Karnataka Electricity Board) was operational, and arrears from that fund have accumulated. Additionally, there is a shortage of electricity, so we are purchasing power, which is why ESCOMs have proposed a small increase of 37 paise. Let's wait and see."

George also responded to the opposition criticism, saying, "Earlier, there were no guarantee schemes, yet they increased the tariff when power purchases were very expensive. Now, we have minimised costs."

He further said, "We have reduced rates, and everything we are doing benefits the public. For instance (monthly), electricity up to 200 units is free, so the common man will not be affected. The final decision will be made by KERC after consulting all stakeholders."

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

India News | Karnataka Energy Minister Addresses Power Tariff Revision Speculations

Bengaluru, Dec 6 (PTI) Amid speculations about a potential power tariff revision, Karnataka Energy Minister K J George on Friday stated that all stakeholders would be consulted before a decision is made.

The speculation followed a proposal from Bangalore Electricity Supply Company (BESCOM), which reportedly suggested a power tariff hike to the Karnataka Electricity Regulatory Commission (KERC).

Also Read | Chhatarpur Shocker: Class 12 Student Kills School Principal, Escapes with Accomplice on Victim’s Scooter.

Responding to queries, a senior official told PTI, "It's still in the discussion stage," adding, "nothing has been finalised yet."

No official announcements have been made by the government, and everyone was part of the meeting, the official said.

Also Read | Delhi Chalo Protest March: Farmers Suspend Foot March for Day After 'Jatha' Stopped at Punjab-Haryana Shambhu Border, Police Fire Tear Gas Shells.

Speaking to reporters, Minister George said, "It is a routine process. Electricity Supply Companies (ESCOMs) submit a proposal to KERC. They will call all stakeholders, discuss, and finalise. Last time, it was Rs 2.50, but they did not implement such a hike. Anyway, we will see what KERC decides."

He added, "There was a pension fund when KEB (Karnataka Electricity Board) was operational, and arrears from that fund have accumulated. Additionally, there is a shortage of electricity, so we are purchasing power, which is why ESCOMs have proposed a small increase of 37 paise. Let's wait and see."

George also responded to the opposition criticism, saying, "Earlier, there were no guarantee schemes, yet they increased the tariff when power purchases were very expensive. Now, we have minimised costs."

He further said, "We have reduced rates, and everything we are doing benefits the public. For instance (monthly), electricity up to 200 units is free, so the common man will not be affected. The final decision will be made by KERC after consulting all stakeholders."

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

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New Delhi 96.72 89.62
Kolkata 106.03 92.76
Mumbai 106.31 94.27
Chennai 102.74 94.33
View all
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