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BSES submits revised tariff plan to MERC
Renni Abraham in Mumbai |
September 24, 2003 11:15 IST
The Reliance group-promoted BSES Ltd has submitted its tariff revised proposal before the Maharashtra Electricity Regulatory Commission for ratification.
The proposal offers several tariff options linked to the yet-to-be-filed tariffs of Tata Power Company.
The MERC has posted the proposal for the admissibility hearing on October 14. Meanwhile, MERC has also directed TPC to filed its TRP by October 1.
BSES, while submitting its TRP, had sought confidentiality over the details of the proposal till such time TPC filed its TRP. MERC has, however, rejected the request.
MERC chairperson T Subramaniam said: "BSES had requested the commission not to publish its TRP till TPC files its own proposal. We rejected this request since MERC keeps absolute transparency in its functioning."
Another official said BSES is worried about the advantage TPC will gain from having advance information of its TRP.
"Since BSES is a bulk consumer of power from TPC, BSES sought to prevent details of its TRP from becoming public before TPC submitted its own TRP," the official said.
The BSES TRP has placed multiple tariff options before the MERC, based on what existing tariff proposal of TPC would contain.
MERC member Pramod Deo said: "They have linked their tariff proposal to that of TPC which is yet to be submitted. For instance, BSES says that it may not have to go in for a tariff hike if TPC refrains from doing so also. Similarly, BSES has pointed out that if its retail consumers were not being solicited by TPC, then its profitability would not be adversely affected and tariffs likewise."BSES and TPC are already engaged in suits filed before the MERC where BSES has sought monetary compensation from Tata Power for weaning away its customers.