New Delhi: The residents of national capital will have to bear the brunt of increasing electricity tariff four times in a year as power distribution companies have decided not to raise the power cost in one go.

The Delhi Electricity Regulatory Commission (DERC) has granted permission to the power companies to revise the tariff rates on quarterly basis. With this decision, the consumers will have to burn extra hole in their pockets after every three months.

According to the DERC, the new provision will help more than 1.50 crore consumers in the capital and also facilitate the Discom companies.

As informed by DERC Chairman PD Sudhakar, the power distribution companies have been directed to give fuel surcharge to oil companies on quarterly basis.

Earlier, the discoms had to pay yearly surcharge for which they had to take loans from the bank. The interest imposed on the loan was recovered by adding it to the cost of power distribution, raising power tariff given by the customers.

Sudhakar said, “Quarterly payment of fuel surcharge by the discoms will prevent the consumers from sudden jolt.”

JPN/Bureau