TNEB announces hike average 37 per cent in power tariff

CHENNAI: Making cost of living higher for all sections of people, Tamil Nadu Electricity Board (TNEB) tonight hiked the power tariff with an average 37 percent increase effective tomorrow. Tamil Nadu Electricity Regulatory Commission (TNERC) announced the revised tariff which would fetch the Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) additional revenue of about Rs.7,874 crore. The hike was to pull it out of red by next fi scal. Following the revision of tariff, rates for high tension (HT) consumers will go up by about 25 percent and for low tension consumers by around 45 percent. For domestic consumers, the tariff has been increased to Rs 2.60 per unit up to 100 units for bi-monthly consumption. The state government would provide a subsidy of Rs.150 per unit. For households consuming 100-200 units bi-monthly the rate would be Rs.2.80 per unit. Of this, the subsidy from the state will be Re.1. For households consuming up to 500 units for two months, the rate per unit up to 200 units would be Rs 3 and above that Rs.4 per unit. The state power regulator has allowed a fi xed charge ranging between Rs 10 and Rs 20 depending on the usage slab. But the monthly minimum charges have been abolished.