HomeCURRENT AFFAIRSBUSINESSHike In Electricity Price? Know Latest Update

Hike In Electricity Price? Know Latest Update

Electricity Bill Hike: In the midst of rising inflation, the general public is going to get a shock once again. You will have to pay more electricity bill in the coming days. Actually, the central government has planned to import about 76 million tonnes of coal in the current financial year. Due to the high cost of imported coal, electricity in the country can become expensive by 50 to 80 paise, that is, now the burden of this increased bill will be put on the pockets of the users.

The farther the states are from the sea-port, the higher the price of electricity can increase.

According to the Mint report, the government plans to import about 76 million tonnes of coal in the current financial year. During this time, Coal India Limited (CIL) will import 15 million tonnes for supply to power stations. At the same time, the largest power producers NTPC Limited and Damodar Valley Corporation (DVC) will import 23 million tonnes. In addition, state generating companies (Gencos) and independent power producers (IPPs) plan to import 38 million tonnes of cayenne during the year. Accordingly, the economic burden on the government and the power companies will increase due to the import of coal, for which the burden of electricity bill can be increased on the customers.

Significantly, after the decline during the second Covid-19 wave, the demand for electricity has increased tremendously. On June 9, the record demand for electricity was 211 GW.

However, the demand has slowed down after the onset of monsoon, and the maximum power demand on July 20 was 185.65 GW. According to sources, Coal India’s coal will start coming from the end of July, and then this will affect the electricity bill in August-September. Sources say that the supply crunch may persist till October 15.

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