DERC likely to delay tariff announcement as new members yet to take charge

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DERC likely to delay tariff announcement as new members yet to take charge - Business Standard

Quick Summary:

For the fourth year running, the national capital power regulator DERC is likely to miss announcement of a new power tariff for the city due to delay in two new members of the panel taking charge, sources said on Monday.

The Delhi Electricity Regulatory Commission (DERC) announces a new tariff after an elaborate consultation process involving hearings with stakeholders, including the consumers and power companies that takes months.

The Supreme Court in November last year formed a committee to select two members of the three-membered Delhi Electricity Regulatory Commission (DERC).