PrashantNews
Uttarakhand Power Corporation Limited (UPCL) has passed on to its consumers a rebate of total Rs 324 crore in their electricity bills by adopting an innovative power purchase strategy.
Under the strategy, UPCL procured cheaper power from the short term market at a record 22% lower rate in FY 2023-24 as compared to FY 2022-23. The average short term power purchase in FY 2022-23 was Rs 6.86 per unit which has come down to Rs. 5.35 per unit in FY 2023-24.
By getting cheap electricity from the market, the electricity tariff of the consumers has been reduced, as a result of which it has been possible to provide smooth power supply at low rates in the state.
The company Managing Director (MD) Anil Yadav said “with better power purchase management, UPCL is able to reduce the electricity bills of the consumers. The amount so saved in power purchase cost is being passed on by UPCL to the consumers on monthly basis as rebate in electricity bills.”
Rs 39.06 crore (Rs. 0.30 per unit) in July, Rs.67.10 crore (Rs 0.52 per unit) in Aug, Rs 28.88 crore (Rs. 0.0.23 per unit) in Sep, Rs. 84.19 crore (Rs. 0.70 per unit ) in Oct and Rs 104.49 crore (Rs 0.88 per unit) in Nov has been exempted, he said.
He said the rebate passed on to the consumers in electricity bills on monthly basis ranging from minimum 26 paise to maximum 101 paise per unit under various categories. The discount per unit in domestic category is 26 paise to 70 paise, in Government Public Utility 95 paise, private Tubewell 31 paise, agricultural activities 43 paise, LT Industry 94 paise, HT Industry 94 paise Mix Load 88 paise, Railway Taxation 88 paise, EV Charging Stations 84 paise.
Yadav said, “UPCL is always committed to ensure availability of good quality and affordable power to the esteemed power consumers of the state. Despite the ever-increasing demand and competitive market conditions, UPCL is determined to ensure uninterrupted supply of electricity to every village, every household in the entire state. “