After a review of the Tariff Applications of the ESCOMs for 2014-15, the KERC has approved a total expenditure of Rs 27,860 crore for all the ESCOMs, which would be supplying about 50,097 million units, excluding transmission ~~amp;amp; distribution losses of about 18.44 per cent, during FY15.
The hike has come in for condemnation from the BJP which has organised protests on Tuesday.
ASSOCHAM Southern Regional Office here however welcomed the new tariff order as a "balancing act" to increase ESCOMS efficiency.
The Commission could have well avoided any increase in tariff if the ESCOMs were operating on commercial lines. Huge outstandings of various ESCOMs as well as late release of subsidy by the State Government were responsible for gaps in revenues of power companies, J Crasta, Co-Chairman, ASSOCHAM Southern Regional Council, said.
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