Delhi Power Rates Set to Surge: Regulatory Assets Unveiled

Delhi Power Minister Ashish Sood announces potential hike in electricity rates due to recovery of Rs 27,000 crore regulatory assets by power discoms. Previous AAP government's tenure saw no hikes, but current BJP-led governance is engaging with DERC to address imminent tariff revisions amid stakeholder consultations.

Delhi's electricity consumers may be facing increased rates, as Power Minister Ashish Sood reveals a Rs 27,000 crore recovery plan for regulatory assets held by private power firms. This financial burden, incurred over years, necessitates future tariff adjustments.

The AAP government, during its decade-long rule, avoided rate hikes. However, Sood accuses it of leaving behind substantial regulatory assets, which the current administration aims to recover. This could potentially lead to higher electricity bills for Delhi residents.

Engaging with the Delhi Electricity Regulatory Commission (DERC), the BJP government is preparing for public consultations and hearings as part of a broader strategy for revising power tariffs, including addressing power companies' expense reports for 2022-23 and plans for future rate adjustments.

(With inputs from agencies.)