You can experience a major shock if you are also hoping for the power to become more affordable. The State Government has raised the cost of power going forward. Yes, the prices for power have increased, according to Tripura State Power Corporation Limited (TSECL). This time, there has been an average 5–7% increase in electricity prices. About this, information was provided by an officer.
The new electricity pricing will take effect on October 1st
Let us inform you that, as of October 1, 2023, new electricity pricing will be in effect. The once-profitable government organization TSECL has lost a total of Rs 280 crore in the fiscal year 2021–22 and Rs 80 crore in the first three months of the current fiscal year.
In 2014, there was a change
The power rates have already been altered by TSECL in 2014. In the northeastern state, there are currently roughly 10 lakh energy users.
The choice was made after careful deliberation
According to TSECL Managing Director Debashish Sarkar, electricity charges will be decreased by an average of 5-7% to save the power corporation after taking into account all relevant aspects and consulting with the Tripura Electricity Regulatory Commission (TERC). There has been an increase.
Why did the cost of Electricity rates rise?
Let us inform you that the rise in petrol prices is the primary cause of the increase in electricity bills. It has grown by roughly 196% over the past few years.
Government provided details
According to the government, TSECL used to spend Rs 15 crore per month on petrol purchases to fuel gas-powered power plants, but that amount has since climbed to Rs 35-40 crore. There is no other choice than to raise electricity prices.
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