Madhya Pradesh: Discoms spare common man, seek 4percent hike in power tariff
In the election year, Madhya Pradesh power distribution companies have decided not to burden the common man and even spared industries while seeking a nominal 4% hike in power tariff.In its annual revenue requirement filed before the Madhya Pradesh Electricity Regulatory Commission (MPERC), discoms have claimed 70% reduction in losses and hence went for nominal losses. Last year the discoms had sought a 14% hike in tariff. Sources said there has been a significant reduction in the revenue gap of the companies due to increase in their efficiency-last year the revenue gap, (difference between income and expenditure) was cumulatively Rs 4,528 crore which has come down to only Rs 1,306 crore.Sources however said the discoms have buckled under p.....