Team Herald
PANJIM: Hike in power tariff has come into effect in accordance with the Fuel and Power Purchase Cost Adjustment Formula (FPPCA) which will be implemented from October to December.
If you enjoyed reading this article, you can help support our journalism by adding OHeraldo as a preferred source.
The computations of FPPCA for the third quarter of FY 2019-20 (October, 2019 to December, 2018) will be levied for consumption of January, February and March, 2020 as per the notification issued by the government.
As per new power tariff, rates for first 100 units the additional charge will be 25.52 paise, for 101 to 200 units the charge per unit will be 26.22 paise, for 201 to 300 units 33.41 paise, 301 to 400 units 41.65 paise per unit and for consumption above 400 units the hike in tariff would be 46.23 paise. Similarly, there will be a hike in power bills of commercial establishments too.
Power Minister Nilesh Cabral has already clarified that the hike is not by the State government but due to rise in fuel and coal charges.
He had clarified that since Goa receives supply from power generating stations outside the State, the agreement between the State Electricity Department and the power generating stations is such that whenever the fuel prices go up the increase in the price will be charged to the State and also also when fuel prices go down and that it is called FPPCA.
The reconciliation of FPPCA is done every Quarter and accordingly the increase or decrease in fuel prices is passed on to the department, which in turn passes it on to the consumers. “This is mandatory as per the regulatory directions of the JERC which regulates and governs all such power purchase agreements,” Cabral said.
