No go-ahead to power cos to raise tariff in Delhi: Minister

New Delhi, Sep 7 (UNI) Delhi Electricity Regulatory Commission (DERC) has not permitted the distribution companies, including BSES, to raise power tariff in Delhi, Power Minister Sushil Kumar Shinde said today.

The permission has not come as the companies are required to file their tariff petitions under the Multi-Year Tariff Regulations before DERC, he said in a written reply to a question in the Lok Sabha.

He said determination of power tariffs to be charged by the distribution licensees is the statutory function of the State Electricity Regulatory Commissions (SERCs).

In doing so, SERCs are guided by the provisions contained in the Electricity Act 2003 which, inter alia, include the factors that would encourage competition, efficiency, economical use of resources, safeguarding of consumers interests and at the same time ensure recovery of cost of electricity in a reasonable manner, reduction of cross subsidies, the National Electricity Policy and the Tariff Policy, the Minister said.

Mr Shinde said the SERCs are required to determine tariff in a transparent way after hearing various stakeholders.

UNI