Delhi Electricity Regulatory Commission is firm on its stand and has refused a tariff hike in New Delhi for BSES distribution companies, according to a media report.
DERC will seek an early hearing on its appeal in the Supreme Court (SC) challenging an earlier order by the Appellate Tribunal for Electricity (APTEL) in favour of increasing rates, the report added.
The SC had refused to vacate its earlier order that stayed the APTEL’s direction. The court also asked DERC to submit a reply on an application filed by the BSES counsel regarding the implementation of APTEL’s order to resolve an ongoing payment crisis.
A rate hike is crucial for the two discoms — BSES Yamuna and BSES Rajdhani — to payNTPC Ltd Rs 700 crore of payment dues.
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