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Home States Uttarakhand Uttarakhand News: State Introduce 12-Month Installment Option for Additional Electricity Security Deposit

Uttarakhand News: State Introduce 12-Month Installment Option for Additional Electricity Security Deposit

UPCL has a pending additional security deposit of 458.37 crores from electricity consumers

Uttrakhand news

Uttrakhand News: Around 26 lakh electricity consumers in the state will have to pay an additional security deposit along with their electricity bills starting from April 1 next year. The Uttarakhand Electricity Regulatory Commission has provided the option to deposit this amount in 12 equal installments.

In fact, UPCL has a pending additional security deposit of 458.37 crores from electricity consumers. Consumers were facing difficulty in depositing a lump sum amount along with their electricity bills. For this, UPCL had filed a petition in the regulatory commission requesting to pay the deposit in installments.

Pay in Installment:

The chairman of the commission, DP Garola, and technical member MK Jain have provided the option to deposit this amount in 12 installments. Consumers will be able to deposit the additional security from April 1 next year. This amount will be included in the bill, requiring a separate column for consumers to know how much they need to deposit. This reduction will apply only to old consumers.

Here’s how the calculation of additional security will work:

The average of the electricity consumption for the past year will be calculated for consumers. Based on the rates that will be effective from April 1, 2024, charges will be applied. For example, if a consumer has used 12,000 units in a year, their average would be 2,000 units. If the electricity rates are 5 rupees per unit from April 1 next year, the additional security amount will be 10,000 rupees. This amount can be deposited in 12 installments.

Electricity rates will also change from April 1:

The regulatory commission will also implement new electricity rates in the state from April 1. In the event of an increase, consumers will bear the burden of both the additional security amount and the new rates.

This decision of the Electricity Regulatory Commission will come into effect from April 1. At this time, preparations for the Lok Sabha elections will be underway. It will be interesting to see whether the government imposes a double burden of additional security and new electricity rates on 27 lakh consumers in an election year.


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