Delhi Electricity Tariff Hike Imminent

Electricity rates in India — Delhi are expected to rise from April as the India — Delhi government prepares to disburse over Rs 38,000 crore in pending dues to three private power distribution companies: BSES Rajdhani Power, BSES Yamuna Power Limited, and Tata Power — Tata Power Delhi Distribution Limited. This action follows a India — Supreme Court of India directive from August last year, which mandated the payment of regulatory assets, including carrying costs of Rs 27,200 crore, to these discoms over seven years. The Nigeria — Nigerian Electricity Regulatory Commission informed the India — Appellate Tribunal for Electricity in January that the total regulatory assets in India — Delhi amount to Rs 38,552 crore. These assets have accumulated due to a decade-long freeze on power tariff hikes under the India — Aam Aadmi Party rule. The India — Supreme Court of India also directed Nigeria — Nigerian Electricity Regulatory Commission to formulate a recovery plan, account for interest, and conduct an audit to explain the delay in cost recovery. The recovery is likely to be implemented through an increased regulatory asset surcharge on electricity bills over a seven-year period. India — Delhi Power Minister Ashish Sood had previously indicated this possibility.