Jharkhand likely to steeply hike electricity rates

IANS  |  Ranchi 

The government is likely to hike the electricity upto five times if the regulatory authority's recommendation is accepted, a move being vehemently protested by Opposition parties

State said "The has decided to stop funding the resource gap to the The resource gap for 2017-2018 is around Rs 766.34 crore."

In order to end the resource gap the transmission commission has recommended to the to hike the electricity As per the proposed rate, the electricity will increase upto five times in rural areas. The proposed per unit rate in rural areas is Rs 6.25 per unit, from the present Rs 1.25 per unit.

In urban areas the electricity will increase upto Rs 7 per unit, from the present Rs 3 per unit.

The commercial rate will increase to Rs 6.50 per unit, which at present is Rs 6.25 per unit.

The new rate is proposed from April 1.

The opposition parties have raised objection to the proposed hike.

"The BJP government is anti-poor and the is just one indication.

There is marginal increase in commercial rate, which is used by the industries and while there is steep hike proposed for domestic users. We will oppose if the new is implemented," they said.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 06 2018. 13:26 IST