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Expensive electricity may jolt after the Lok Sabha Elections!

Saturday - May 11, 2019 11:29 am , Category : WTN SPECIAL
Electricity bills may be 'expensive' up to 5 to 10 per cent
Electricity bills may be 'expensive' up to 5 to 10 per cent

Electricity companies 'pressure' to complete the deficit, electricity may be expensive

MAY 11 (WTN) - The process of Lok Sabha Elections in is on continuation in the world largest democracy. On May 23, the results of the Lok Sabha Elections will be announced, all of whom are waiting. Due to the elections, the Model Election Code of Conduct is in effect in the country at present, due to which many 'important decisions' can’t be taken. Several important decisions have to be taken after the election code of conduct is removed when the Lok Sabha Elections process will over. One of these many decisions can give you a shock.

Actually, according to the information from the media, after the Lok Sabha Elections, power companies are preparing to increase the electricity rates. Yes after the process of Lok Sabha Elections ends, the rate of electricity can be increased. According to the information, after the Lok Sabha Elections, electricity rates may increase up to 5% to 10%, which would be a huge 'jolt' for consumers.

Electricity companies have a ’logic’ behind in increasing the rates of electricity that they are ‘compelled’ to do so due to the continuous losses. Due to the Lok Sabha Elections and the model code of conduct, many states have not increased the rates of electricity. But the power companies have pressurized to complete the losses let the electricity rates be increased.

For your information let you know that under the Uday Scheme, it is necessary to increase the rate of electricity annually. This is because it will be 'beneficial' to power companies and they will not be in loss. It is being said that the Power Ministry is 'waiting' for the Lok Sabha Elections process ending. After the elections, the ministry will work on the 'strategy' to improve the financial condition. It is being said that increasing the electricity rates under the strategy is the best option.

If electricity rates increase, then there will be 'improvement' in the condition of electricity distribution companies. Generation companies will benefit from improving the condition of distribution companies. Thus, 'losses' of electricity companies will be completed. On the other side, the government can also adopt a ‘stern attitude’ to bail out the deficit.

Now, when electricity rates increase, its load will come to consumers completely. For your information, let you know that 20 states have not yet completed the target of power distribution losses. According to the information, the target of 15 per cent power distribution losses was to be achieved up to March 2019, but the goal is yet to be obtained.

Actually, under the 'welfare schemes'; the state governments provide electricity to the poor at low rates. As far as there is a loss to state governments and power companies due to power theft and other technical reasons. Not only that, the burden of salaries and allowances of the officers and employees of the electricity board and electricity companies is also increasing.

Experts of this area believe that power companies will have to stop power loss which happened due to electrical theft and technical reasons. If this is not taken care of, then consumers will have to face 'economic hassle' in the coming time. Now let us see how much increase in electricity rates after the election? And even after this increase, will the loss of power companies be completed or not?