New Delhi: The Delhi Electricity Regulatory Commission (DERC) will announce new power rates for national capital consumers while keeping in mind the petition filed by companies that are involved in the distribution of power in the city.
According to the companies’ petition, their true-up of expenses, which reflects the status of the reconciliation of real and estimated accounts, has a standalone revenue shortfall of Rs 2906 crore. The aggregate revenue requirement (ARR) for 2023-24 predicts a revenue gap of Rs 7817 crore.
The companies involved are BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) or Tata Power Delhi Distribution Limited (TPDDL).
According to data on THE DERC website, BSES Rajdhani Power Limited’s revenue requirement was roughly Rs 10,189 crore. In 2021-22, it was Rs 5192 crore for BSES Yamuna and Rs 7,699 crore for Tata Power Delhi Distribution Limited. At the current pricing, BRPL’s income was Rs 8,901 crore, BYPL’s revenue was Rs 4,668 crore, and TPDDL’s revenue was Rs 6,859 crore, creating a disparity of almost Rs 2900 crore.
Noting that there has been no tariff increase in the city since 2014, the companies asked the Commission to allow a “cost-reflective tariff” for 2023-24 in order to ensure an “uninterrupted” and quality power supply to Delhi residents.
The discs have previously petitioned the Delhi High Court for an injunction against the DERC’s business plan restrictions.
