Delhi power rates may rise in April as govt prepares to clear discom dues

NEW DELHI: (Mar 23) The electricity rates in the city are likely to rise from April as the Delhi government is preparing for disbursal of pending dues of over Rs 38,000 crore to the three power discoms, officials said on Sunday.

The government is, however, planning to subsidise the hike in power tariff to cushion the impact on the consumers, they said.

The Supreme Court in August last year directed that the regulatory assets, including carrying costs of Rs 27,200 crore, be paid to Delhi's three private discoms, BRPL, BYPL and TPDDL, in seven years.