Public CompanyTorrent Power cuts fuel surcharge by 1 paise
Torrent Power, the private sector power company that distributes power to Ahmedabad, Gandhinagar and Surat has reduced fuel surcharge by only 1 paise per unit. This means there will be no significant relief in power bills of consumers in the third quarter of 2009-10.
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The company has worked out a fuel surcharge of 84 paise per unit for the second quarter of the current fiscal.
"The new figure arrived at by Torrent is only 1 paise lower than fuel surcharge of 85 paise for the first quarter of 2009-10," said officials of Gujarat Electricity Regulatory Commission (GERC).
Gujarat Urja Vikas Nigam Ltd (GUVNL), apex electricity of Gujarat, too brought down fuel surcharge to 59 paise per unit for the second quarter from earlier 60 paise. However, the total recoverable fuel surcharge by GUVNL comes around 74 paise per unit in the third quarter as the company will also recover deferred surcharge of 15 paise per unit. GUVNL had, in fact, deferred fuel surcharge of 46 paise in last fiscal to avoid burden on consumers.