“Nothing has been finalised yet”, says Karnataka Energy Minister on power tariff revision speculations

PTI, Dec 6, 2024, 7:45 PM IST

Bengaluru: Amid speculations about a potential power tariff revision, Karnataka Energy Minister K J George on Friday stated that all stakeholders would be consulted before a decision is made.

The speculation followed a proposal from Bangalore Electricity Supply Company (BESCOM), which reportedly suggested a power tariff hike to the Karnataka Electricity Regulatory Commission (KERC).

Responding to queries, a senior official told PTI, “It’s still in the discussion stage,” adding, “nothing has been finalised yet.” No official announcements have been made by the government, and everyone was part of the meeting, the official said.

Speaking to reporters, Minister George said, “It is a routine process. Electricity Supply Companies (ESCOMs) submit a proposal to KERC. They will call all stakeholders, discuss, and finalise. Last time, it was Rs 2.50, but they did not implement such a hike. Anyway, we will see what KERC decides.”

He added, “There was a pension fund when KEB (Karnataka Electricity Board) was operational, and arrears from that fund have accumulated. Additionally, there is a shortage of electricity, so we are purchasing power, which is why ESCOMs have proposed a small increase of 37 paise. Let’s wait and see.”

George also responded to the opposition criticism, saying, “Earlier, there were no guarantee schemes, yet they increased the tariff when power purchases were very expensive. Now, we have minimised costs.”

He further said, “We have reduced rates, and everything we are doing benefits the public. For instance (monthly), electricity up to 200 units is free, so the common man will not be affected. The final decision will be made by KERC after consulting all stakeholders.”