2024-03-01 18:21:17
Patna: Electricity consumers in Bihar have got great relief. A two percent cut in electricity rates has been announced. The State Electricity Regulatory Commission on Friday announced new rates for the year 2024-25, in which electricity rates of all categories have been reduced by two percent. It is said that the power companies had proposed an increase in electricity rates by about three percent this year. This is the fourth consecutive year when there has been no increase in electricity rates. After the hearing, the Commission has decided to reduce the rate of non-subsidized electricity by two percent for all categories of consumers.
commission decision
The Regulatory Commission said in its decision that the proposal to increase the rates was rejected keeping in mind the revenue surplus of the distribution companies. It has been decided to reduce electricity rates for all categories of consumers in the financial year 2024-25. A three percent increase proposal was given by the power company to the State Electricity Regulatory Commission. During the hearing, the Commission has decided to reduce the rate of non-subsidized electricity by two percent for all categories of consumers. Commission members Arun Kumar Sinha and Parshuram Singh Yadav announced their decision on Thursday.
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Electricity company’s decision
The Commission’s decision said that the power company had proposed a 3.03 percent increase in tariff for the financial year 2024-25. It was decided by the Commission that it should be rejected in view of the revenue surplus of the companies. A decision was taken to reduce electricity rates for all categories of consumers. Major reduction in fixed electricity charges for street lights. It was increased from Rs 7500 per kilowatt to Rs 4250. According to the important decision taken by the Commission, farmers will have to pay electricity bills according to the crop harvesting cycle. The load factor incentive limit for oxygen gas producers was reduced from 75 percent to 70 percent.
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Commission’s decision
Apart from this, the rate of Kutir Jyoti connection was increased to Rs 7.42. Earlier it was Rs 7.90 per unit. For rural consumers of DS-1 category, the rate was increased to Rs 7.42 per unit whereas earlier it was Rs 7.90. The per unit rate for DS-2 category consumers was increased to Rs 7.42. Earlier it was Rs 7.90. Consumers with NDS meters in rural areas will have to pay Rs 7.79 per unit. Which earlier had to be done at 8.29. NDS-2 consumers will have to pay Rs 7.73 per unit instead of Rs 8.23 per unit.