"It is a good move from the point of view of consumers. It will provide them relief. I welcome the decision by the government," Tata Power Delhi Distribution Ltd (TPDDL) CEO Pravir Sinha told PTI.
Delivering on yet another poll promise, the Aam Aadmi government yesterday announced a 50 per cent subsidy on power consumption upto 400 units in Delhi, which will benefit around 28 lakh of the total 35 lakh consumers in the city.
He, however, said TPDDL was responding to government's directive of making their stand clear on the CAG scrutiny of the companies.
"If the law of the land demands that (the CAG audit), we will definitely comply with the directive. We will comply with all the statutory and administrative laws and regulations," Sinha said.
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TPDDL supplies power to 13 lakh consumers in North and North West parts of Delhi. The other two companies -- BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd -- supply power in rest of the areas in the city except areas under jurisdiction of New Delhi Municipal Corporation.
The DERC is likely to begin this month the tariff revision process for the year 2014-15.