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People of this state may get electric ‘shocks’ in the new year, prices will increase by 25%

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The new electricity rates will be effective from the month of April.

Ranchi: In 2024, people in Jharkhand may get strong electric ‘shocks’. Preparations are underway to increase electricity rates in the state. Jharkhand Bijli Vitran Nigam Limited has submitted a proposal to increase the electricity prices by 25 percent before the Jharkhand Electricity Regulatory Commission. The commission has studied this proposal and fixed the dates of public hearing regarding it in various divisions. After the completion of the public hearing process, the Commission will finalize the new rates. The commission has scheduled public hearing on the proposed rates on December 11 in Medininagar, December 13 in Chaibasa, December 15 in Dhanbad, December 18 in Deoghar and December 19 in Ranchi.

New rates will be effective from April

According to official sources, the new rates will be effective from the month of April. The proposal given by Jharkhand Electricity Distribution Corporation Limited regarding new rates is for the year 2024-25. In the proposal given before the Commission, the Electricity Distribution Corporation has stated an annual requirement of Rs 10,800 crore for its expenses and on this basis has stated the need to increase the electricity rates.

Electricity prices will increase for the second time in a year

The corporation has shown a gap of Rs 2500 crore between the revenue requirement and the existing revenue. Let us tell you that from June 1 this year, electricity rates in Jharkhand were increased by 6.50 percent. However, this increase was made after three years. Now, if the Commission approves the proposal to increase electricity rates after the public hearing, then there are chances of electricity prices increasing for the second time in a year.

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