Energy bomb ready to be dropped on 1st

The government is all set to drop an energy bomb on the people from October 1.

Sources said the government had decided to scale up power tariff for domestic consumers by between Rs 1.60 and Rs 3 per unit from October 1.

Power tariff will be enhanced to deliver the pledge made by the government with International Monetary Fund (IMF) to acquire loan.

As per the Ministry of Water and Power, tariff will be increased at the rate of Rs 1.60 per unit in respect of the domestic consumers using electricity from 200 to 500 units per month, Rs 2 per unit for the consumers using electricity from 500 to 800 units per month, Rs 2.50 per unit for the consumers falling within the electricity consumption slab from 800 to 1,000 units per month. The consumers using electricity from 1,000 to 1500 units will have to bear the burden of enhancement of cost of unit by Rs 3 per unit.

Notification on this count will be issued on September 30 and revised tariff will be effective from October 1.

The government already jacked up the power tariff at the rate of Rs 6.58 per unit in respect of commercial and industrial consumers on August 1.