Maharashtra Electricity Regulatory Commission (MERC) has allowed Rlnfra to recover past arrears, along with 14.5% per annum (p.a) carrying cost, at Rs. 925 crore per year, aggregating to Rs. 5,550 crore over the next 6 years.
The MERC has also allowed Rlnfra to recover revised Cross Subsidy Surcharge (CSS) of Rs. 819 crore for the current FY 2013-14, Rs 896 crore for FY 2014-15 and Rs 590 crore for FY 2015-16.
According to the MERC order, revised tariff, the arrears recovery and revised CSS will become effective from 1 September, 2013.Rlnfra's tariffs are most competitive across all major categories, and this will ensure major inflow of high-end consumers back to Rlnfra. Notwithstanding the above, Rlnfra's tariffs are expected to reduce by 12% and 11% in the next two financial years, benefitting its valued customers significantly, mainly owing to efficient and low power procurement cost by Rlnfra.
Rlnfra is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.
The MERC has also allowed Rlnfra to recover revised Cross Subsidy Surcharge (CSS) of Rs. 819 crore for the current FY 2013-14, Rs 896 crore for FY 2014-15 and Rs 590 crore for FY 2015-16.
According to the MERC order, revised tariff, the arrears recovery and revised CSS will become effective from 1 September, 2013.Rlnfra's tariffs are most competitive across all major categories, and this will ensure major inflow of high-end consumers back to Rlnfra. Notwithstanding the above, Rlnfra's tariffs are expected to reduce by 12% and 11% in the next two financial years, benefitting its valued customers significantly, mainly owing to efficient and low power procurement cost by Rlnfra.
Rlnfra is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.
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