BENGALURU: Mr. Ramesh Chandra Lahoti, President of the Federation of Karnataka Chambers of Commerce & Industry, Bengaluru, expressed his happiness on the decision made by KERC regarding power tariff revision which is applicable from 1st April, 2024.
The tariff order issued by KERC marks a significant milestone in fostering industrial growth and providing substantial relief to the distressed Industry & Trade in Karnataka who had already gone through various challenges due to local and global factors beyond their control, said FKCCI.
The reduction in energy charges especially for industrial & commercial categories is a welcome move. FKCCI regards this decision by KERC positively, particularly noting the significance of this action after a gap of 15 years.
FKCCI also appreciated KERC’s responsiveness to their objections, notably the reduction of the burden on industrial and commercial sectors by disallowing Karnataka Power Transmission Corporation Limited’s (KPTCL) claim for Rs. 1486.23 Crores towards the government’s portion of pension and gratuity, which FKCCI had strongly opposed during the public hearing.
FKCCI acknowledges the KERC for its assistance to consumers in village panchayat areas through its decision to grant a rebate of 30 paise per unit exclusively to LT industry, LT commercial, and LT Hospital & Educational institutes in those regions.
Additionally, FKCCI’s request for an installation of pre-paid meter and thereby reduction in security deposits has been addressed by KERC, which has directed all Electricity Supply Companies (ESCOMs) to establish the necessary systems for optional prepaid metering, effective April 1, 2024. This initiative will decrease security deposits to 1MMD (monthly minimum deposit).FKCCI expresses its utmost satisfaction with the power tariff order issued by KERC today.
