Odisha to wait for SC verdict on power tariff hike
Bhubaneswar: Power secretary Suresh Mohapatra said today that the State government would wait for the Supreme Court’s verdict on power tariff hike as Odisha Electricity regulatory Commission (OERC) has knocked the doors of the apex court challenging the order of Appellate Tribunal for Electricity.
The tribunal had asked OERC to increase power tariff while hearing on appeals of Reliance Energy-managed Nesco, Southco and Wesco against the rates fixed by the regulatory commission, Mohapatra added.
“Power tariff matters are entirely the prerogative of the OERC. But the State government will be present during hearing of the case in the apex court,” the Power secretary said.
Sources said if the tribunal’s verdict is implemented, around 50 lakh consumers would have to pay as per increased rates with retrospective effect from 2006-07.
As per the tribunal order, the tariff has to be so adjusted that around Rs 4,200 crore could be collected in a year to cover the transmission and distribution (T&D) losses.
However, the OERC has stated in its appeal that it is impossible to collect such a huge sum in a year, sources added.