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February 25, 2024 10:02 am

Punjab increases electricity charges; CM Bhagwant Mann says it won’t affect common man

The Fact News Service
Chandigarh, May 15

Punjab power consumers are set to face a significant jolt as the average cost of power surges by 56 paise per unit, effective May 16. The Punjab State Electricity Regulatory Commission (PSERC) has given the green light to the new tariff, resulting in increased power rates for all consumer categories, including domestic, commercial, and industrial.

Multiple factors contribute to the tariff hike, including escalating coal prices, rising employee costs, and the natural inflationary rise in input expenses. The PSERC justifies the power rate increase as necessary to ensure the financial stability and sustainability of the Punjab State Power Corporation Limited (PSPCL).

 

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