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The retail rate is reduced by 10 paisa for all slabs by the Odisha Electricity Regulatory Commission

<p>With effect from the next fiscal year, the Odisha Electricity Regulatory Commission (OERC) surprised everyone on Tuesday by cutting the retail supply rate (RST) by 10 paise in each bracket for residential users for 2024–25. The pricing in other categories would remain same for three years.</p>
<p><img decoding=”async” class=”alignnone wp-image-405296″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-retail-rate-is-reduced-by-10-paisa-for-all-slabs-by-the-odisha-electricity-reg-750×721.jpg” alt=”theindiaprint.com the retail rate is reduced by 10 paisa for all slabs by the odisha electricity reg” width=”1078″ height=”1036″ title=”The retail rate is reduced by 10 paisa for all slabs by the Odisha Electricity Regulatory Commission 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-retail-rate-is-reduced-by-10-paisa-for-all-slabs-by-the-odisha-electricity-reg-750×721.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-retail-rate-is-reduced-by-10-paisa-for-all-slabs-by-the-odisha-electricity-reg-1024×985.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-retail-rate-is-reduced-by-10-paisa-for-all-slabs-by-the-odisha-electricity-reg-768×739.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-retail-rate-is-reduced-by-10-paisa-for-all-slabs-by-the-odisha-electricity-reg-150×144.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-retail-rate-is-reduced-by-10-paisa-for-all-slabs-by-the-odisha-electricity-reg.jpg 1200w” sizes=”(max-width: 1078px) 100vw, 1078px” /></p>
<p>Media representatives were informed by OERC director of regulatory affairs Priyabrat Patnaik, more than a month in advance of the planned announcement, that this is the first time the state had lowered the electricity rate.</p>
<p>“In each slab, the retail supply rate for the residential category has been lowered by 10 paise. According to Patnaik, the RST has not been changed for any other categories and will stay the same for three years starting in 2024–2025. The new tariff will go into effect on April 1, 2024.</p>
<p>A home customer will now pay, in effect, Rs 2.90 for the first 50 units, Rs 4.70 for the next 51–200 units, Rs 5.70 for the next 201–400 units, and Rs 6.10 for the last 400 units of consumption. Customers with prepaid meters will get a 4% refund on the payment, while those who choose e-billing will receive a rebate of Rs 10 every bill.</p>
<p>Customers that use single-phase general purpose and low transmission (LT) residential power will still be eligible for a 4% digital payment rebate. If the bill is paid before the due date, rural household customers will get a refund of 10 paise for each unit. For BPL customers, the fixed monthly fees have also been lowered from Rs 80 to Rs 70. The commission lowered the green energy price from 25 to 20 paisa per unit in an effort to encourage the use of electric cars and green energy.</p>
<p>“After truing up the aggregated revenue requirement (ARR) of the four distribution companies up to 2022–2023 there was a surplus revenue of Rs 785.46 crore out of which the commission allowed Rs 555 crore to be adjusted in the ARR,” Patnaik said. ~</p>
<p>Factors that make people smile</p>
<p>RST is lowered in each slab by ten paisa.</p>
<p>For the first 50 units, each unit costs Rs 2.90.</p>
<p>From 51 to 200 units, each unit costs Rs 4.70.</p>
<p>201–400 units at Rs 5.70 each</p>
<p>After 400 units, Rs 6.10 per unit</p>
<p>Three years with no tariff changes for other categories</p>
<p>OERC lowers the internal tariff</p>
<p>He said, “By lowering the domestic tariff and leaving it the same for other categories, the same amount was passed on to the consumers.”</p>
<p>With the average bulk supply price remaining at 328.20 paise compared to the current rate of 329 paise per unit, the average power purchase cost of GRIDCO, the bulk power provider, has been slightly changed from 310.34 paise to 320.94 paise per unit. The real loss for 2022–2023 was 18.14%, he added, whereas the AT&C loss authorized for tariff calculation was 18.79%.</p>

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