In the season of price rise, people will have to shell out more for another vital commodity – electricity. The Karnataka Electricity Regulatory Commission (KERC) on Monday announced an average 35 paise per unit hike in electricity tariff for the new financial year (2022-23). This amounts to a 4.33% increase. Incidentally, the hike was announced the day the Bruhat Bangalore Hotels Association (BBHA) met on Monday evening and decided to advise hoteliers to raise prices of food items by up to 10%.
While the BBHA has left it to proprietors to decide on the hike, the Commission has approved an increase in energy charges by 5 paise per unit and increase in fixed charges ranging between ₹10 and ₹30 per HP/KWh /KVA for recovery of a gap of ₹2,159 crore.
The electricity supply companies (Escoms) had sought an average increase of 185 paise per unit accounting for 23.83% increase for the proposed revenue deficit of ₹11,320 crore.
