Srinagar/Jammu, May 11: The PHD Chamber of Commerce and Industry (PHDCCI) J&K chairs in a joint statement have demanded immediate rollback of the proposal for the average power tariff hike of 12.46% & 17.74% in domestic, industrial, commercial and agriculture categories.
Rahul Sahai Chair PHDCCI Jammu and Baldev Singh Raina Chair PHDCCI Kashmir Raina in a statement to Ziraat Times said that this proposed power tariff hike would impact domestic as well as industrial and commercial consumers.
“We therefore request the Electricity Regulatory Commission to thoroughly examine the proposal of PDCL and spare the poor and middle-class domestic and existing industrial and service sector consumers from this unnecessary power hike as all economic sectors and people are already saddled with uncertainty”, the chairs said in the joint statement.
Requesting the J&K administration not to increase the electricity tariff for financial year 2022-23, the J&K chapter of PHDCCI said that the tariff applicable for all categories of consumers should be kept same level as the previous year. “The electricity commission and KPDCL & JPDCL should consider it prudent not to hike the power rate because of problems faced by people of J&K due to the Covid-19 lockdown and other issues”, they said.
Rahul Sahai said ‘the power tariff hike will be an unbearable burden on the common people’. He further added that even after enhancing the tariff, ‘PDCL would neither be able to meet the revenue deficit nor the net revenue requirement of FY-23.’
The hike in electricity tariffs, unless accompanied by sweeping steps to improve the performance of distribution departments and improvement in power losses, would prevent the entity from achieving commercial viability and ensure returns which are optimal and sustainable, said Rahul Sahai.