Haryana discom DHBVN proposes 15% hike in power tariff

Haryana's power distribution company DHBVN has estimated cumulative revenue gap of Rs 5,809.47 crore, seeking at least 15 per cent hike in power tariff to recover this "whopping" gap.
In its petition for annual performance review for 2014-15 and revised annual revenue requirement (ARR) for 2015-16 filed with power regulator HERC, Dakshin Haryana Bijli Vitran Nigam Limited (UHBVN) has proposed 15 per cent increase in power tariff across all categories.
DHBVN undertakes power distribution and retail supply business in southern Haryana districts, including Bhiwani, Faridabad, Gurgaon, Hisar, Narnaul, Mahendragarh, Palwal, Rewari, Sirsa and Jind.
The power utility has estimated gap of Rs 2,852.71 crore for financial year 2013-14, Rs 1,302.77 crore for FY15 and Rs 1,653.99 crore for FY16, as per petition.

The other Haryana discom UHBVN has also proposed 15 per cent hike in power tariff across all categories to recover the cumulative revenue gap of Rs 3,898.72 crore in its petition filed with Haryana Electricity Regulatory Commission (HERC).
DHBVN has projected net ARR of Rs 16,528 crore for 2015-16 and after deducting revenue generation from sales, income from FSA and subsidies, the revenue gap was worked out at Rs 1,653.99 crore.

The discom has projected overall energy sales of 19,025 million units to all categories of customers in 2015-16, as against 18,091 MUs in 2014-15.
As far as capex plan is concerned, DHBVN has estimated to undertake capital expenditure of Rs 1,334.22 crore which will be spent on procurement of single phase meter, erection of new power lines, etc during 2015-16.

HERC had approved capex plan of Rs 959.39 crore for FY15.
DHBVN has projected power purchase cost of Rs 12,951 crore, 11 per cent up from estimated cost for 2014-15.
The power discom has projected per unit power purchase cost at Rs 4.40 for 2015-16, up from Rs 4.13 per unit in 2014-15 fiscal.