PANAJI
The Joint Electricity Regulatory Commission will on February 15 hold a public hearing on several petitions filed by Goa Electricity Department including proposed 6 per cent tariff hike for Financial Year 2023-2024.
In its petition for approval of the annual performance review of FY 2022-23, aggregate revenue requirement for FY 2023-24, and tariff proposal for FY 2023-24; the State government filed a petition to increase the tariff for power consumers to bridge the revenue gap.
“For the FY 2023-24, the Government of Goa has decided to increase the tariff for power consumers as is being levied on them currently.
Accordingly, to partially bridge the huge revenue gap and to avoid the tariff shock to consumers, EDG proposes an increase in the current Tariff. However, for the category of HT Military Engineering Services/ Defense Establishment, EDG proposes no tariff hike…” it said.
The 168-page petition further states that the ABR (average billing rate) for FY 2023-24 is higher compared to FY 2022-23, due to the higher fixed charge projected for FY 2023-24. The Connected Load for FY 2023-24 is comparatively higher when compared to FY 2022-23, and based on the aggregate revenue requirement and revenue calculation based on the existing tariff, the revenue gap/ surplus for FY 2023-24 has been computed.
“… the gap is to be partially bridged by Tariff hike at 6 percent for FY 2023-24 and the remaining will be bridged through Government of Goa by providing budgetary support for the same…The Commission in its Tariff order FY 2022-23 has hiked the tariff on average by 1.58 percent,” it said.
The public hearing will be held at 11.30 am at the Mini Conference Hall of the Institute Menezes Braganza, Panaji.
