Small industrial units will not be able to withstand another hike in power tariff given the present market conditions. Micro, small and medium enterprises (MSMEs) are already reeling under high interest rates on bank loans, spiralling prices of raw materials, rise in transport charges, and difficulties faced by most units in selling finished products, Kerala State Small Industries Association district president M.A. Ali has said.
The association, he said, was of the view that the government and the Kerala State Electricity Board (KSEB) must exempt MSMEs from the purview of the latest tariff hike. Electricity rates were revised last in the middle of 2022, and Electricity Minister K. Krishnankutty has said that there will be a hike in tariff every year now.
The average rise in electricity charge is 20 paise per unit though the KSEB had sought an increase of over 40 paise, while the average hike for small industries is 18 paise per unit. High tension (HT) and extra-high tension (EHT) consumers have to pay 12 paise more per unit.
