News Karnataka
Friday, September 30 2022
Mangaluru

M’luru: Mescom’s proposal of tariff hike opposed

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Mangaluru: The proposal by Mangalore Electricity Supply Ltd. (Mescom) to hike tariff by an average of Rs. 1.33 per unit has been opposed by representatives of farmers, industry bodies and others on Monday February 21. Further, they have urged the Karnataka Electricity Regulatory Commission (KERC) not to hike the tariff.

This request was made during KERC’s public hearing on power tariff revision chaired by its Chairman H. M. Manjunath.

However, Mescom MD Prashant Kumar Mishra said the annual revenue requirement of Mescom for 2022 – 23 has been estimated at Rs. 4799.93 Crore, and with the revenue from earnings estimated at Rs 4081.72 crore, there will be a deficit of Rs. 718.21 crore. To bridge the gap, the Mescom has proposed an average hike of Rs. 1.33 per unit, he said.

B. A. Nazeer representing KCCI said that MSME sector will totally collapse if the power tariff is hiked. Don’t put additional burden on the consumers instead reduce the purchasing cost of power, he suggested.

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