CPM Slams Rs 128 Billion Power Hike Proposal
POWER & RENEWABLE ENERGY

CPM Slams Rs 128 Billion Power Hike Proposal

The CPM state committee has strongly opposed the proposed additional burden of Rs 128 billion in electricity charges through ‘True-Up’ adjustments, calling for its immediate withdrawal. The party has urged the public to support the ‘Praja Vedika’ protests scheduled for 5 August.
In a statement on Friday, CPM state secretary V Srinivasa Rao criticised the move, stating that while the government claims it is not raising electricity tariffs, distribution companies have submitted proposals to the Electricity Regulatory Commission (ERC) seeking approval to levy Rs 128 billion in True-Up charges for the period from 2019–20 to 2023–24.
Rao asserted that such proposals could not have been submitted without the knowledge of the state government and urged it to intervene immediately. He also highlighted that consumers have already paid Rs 30 billion in True-Up charges for the 2014–19 period. Additionally, after the new coalition government assumed power, a further Rs 154.85 billion was imposed in adjustment charges for 2022–23 and 2023–24.
For the current financial year (2024–25), consumers are being charged an extra 40 paise per unit every month, resulting in the collection of another Rs 27.87 billion. Rao also warned that the introduction of smart meters would lead to further financial strain on consumers.
He accused the coalition government of breaking its pre-election promise to reduce electricity tariffs and criticised the contradictory move of announcing a Rs 4.49 billion ‘True-Down’ while simultaneously proposing a massive hike.
Rao described the collection of True-Up charges years after tariffs are fixed as illegal and alleged that these adjustments are being misused through unlawful agreements and corruption involving corporate entities, ultimately passing the burden onto consumers.
The CPM has called on the public to participate actively in the 5 August protests to oppose the tariff hike, demand the scrapping of True-Up and fuel adjustment charges, and reject the rollout of smart meters.

The CPM state committee has strongly opposed the proposed additional burden of Rs 128 billion in electricity charges through ‘True-Up’ adjustments, calling for its immediate withdrawal. The party has urged the public to support the ‘Praja Vedika’ protests scheduled for 5 August.In a statement on Friday, CPM state secretary V Srinivasa Rao criticised the move, stating that while the government claims it is not raising electricity tariffs, distribution companies have submitted proposals to the Electricity Regulatory Commission (ERC) seeking approval to levy Rs 128 billion in True-Up charges for the period from 2019–20 to 2023–24.Rao asserted that such proposals could not have been submitted without the knowledge of the state government and urged it to intervene immediately. He also highlighted that consumers have already paid Rs 30 billion in True-Up charges for the 2014–19 period. Additionally, after the new coalition government assumed power, a further Rs 154.85 billion was imposed in adjustment charges for 2022–23 and 2023–24.For the current financial year (2024–25), consumers are being charged an extra 40 paise per unit every month, resulting in the collection of another Rs 27.87 billion. Rao also warned that the introduction of smart meters would lead to further financial strain on consumers.He accused the coalition government of breaking its pre-election promise to reduce electricity tariffs and criticised the contradictory move of announcing a Rs 4.49 billion ‘True-Down’ while simultaneously proposing a massive hike.Rao described the collection of True-Up charges years after tariffs are fixed as illegal and alleged that these adjustments are being misused through unlawful agreements and corruption involving corporate entities, ultimately passing the burden onto consumers.The CPM has called on the public to participate actively in the 5 August protests to oppose the tariff hike, demand the scrapping of True-Up and fuel adjustment charges, and reject the rollout of smart meters.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement