financetom
Business
financetom
/
Business
/
Power bill too high in Mumbai? MERC appoints fact-finding committee against Adani Electricity
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Power bill too high in Mumbai? MERC appoints fact-finding committee against Adani Electricity
Dec 7, 2018 7:55 AM

The Maharashtra Electricity Regulatory Commission (MERC) on Friday said consumer complaints against high electricity bills sent by Adani Electricity Mumbai Ltd (AEML) to be genuine.

MERC has also appointed a fact-finding committee to investigate the matter and they will observe the bill of Adani Electricity for the current month.

“The commission has appointed a two-member fact-finding committee to look into the reasons for the sudden upsurge in consumption/ other reasons which might have led to increase in electricity bills in Mumbai and the recommended corrective steps to ensure that such incidents don’t recur, MERC said.

In a press conference held in Mumbai, MERC said that over 1 lakh customers of Adani electricity had reported hikes of at least 20 percent in their billing amounts. On the December 4, MERC had taken suo moto cognisance of the matter and sent a notice to Adani electricity, giving the company 24 hours to respond.

While the contents of that response are still confidential, Adani transmission had alleged that the tariffs were higher due to a combination of factors including an increase in tariffs by the MERC. However, the MERC had taken objection to this, stating that the rise in billing amounts as per media reports was not proportionate to the increase in tarriffs.

Adani electricity is providing multiple options for customers to get their concerns addressed, including a 24/7 helpline number and eight dedicated centres in Mumbai, the company told CNBC-TV18.

Ever since AEML took over Mumbai’s power circle in August from the Anil Ambani-led Reliance Infrastructure (RInfra), consumers have taken to social media on the unduly excessive electricity bills received by them.

In November, Maharashtra chief minister Devendra Fadnavis had asked authorities to look into the matter and conduct an audit of past three months’ billing process at Adani Electricity.

Over the last couple of months, power consumers in Mumbai suburbs have received bills higher by 25-50 percent and in some cases even double of the usual average. Several complaints have been filed by consumers about issuance of electricity bills based on average energy consumption instead of actual metering.

First Published:Dec 7, 2018 4:55 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
UK's Pentair beats first-quarter profit estimates on price hikes
UK's Pentair beats first-quarter profit estimates on price hikes
Apr 23, 2024
April 23 (Reuters) - UK-based water technology company Pentair ( PNR ) reported better-than-expected quarterly profit on Tuesday, helped by the company's price hikes for its water purifiers. Pentair ( PNR ), which provides residential and industrial water technology products and services, had implemented price increases to offset slow demand for new pools and related services amid sticky inflation. Sales...
LKQ's Q1 Adjusted EPS Declines, Revenue Rises; Provides 2024 Guidance; Shares Drop 4% Pre-Bell
LKQ's Q1 Adjusted EPS Declines, Revenue Rises; Provides 2024 Guidance; Shares Drop 4% Pre-Bell
Apr 23, 2024
08:00 AM EDT, 04/23/2024 (MT Newswires) -- LKQ (LKQ) reported Q1 adjusted earnings Tuesday of $0.82 per diluted share, compared with $1.04 a year earlier. Analysts surveyed by Capital IQ expected $0.95. Revenue for the quarter ended March 31 was $3.70 billion, compared with $3.35 billion a year earlier. Analysts surveyed by Capital IQ expected $3.76 billion. For fiscal year...
Lockheed Martin reports higher sales on strong defense demand
Lockheed Martin reports higher sales on strong defense demand
Apr 23, 2024
By Shivansh Tiwary and Mike Stone (Reuters) - U.S. weapons maker Lockheed Martin ( LMT ) on Tuesday reported a near 14% rise in first-quarter sales, as simmering geopolitical tensions prompt some countries to boost their defense spending, driving demand for new weapons. Sales in its missiles and fire control unit jumped 25.3% to nearly $3 billion, boosted by strong...
Fennec Pharmaceuticals Insider Sold Shares Worth $414,472, According to a Recent SEC Filing
Fennec Pharmaceuticals Insider Sold Shares Worth $414,472, According to a Recent SEC Filing
Apr 23, 2024
08:01 AM EDT, 04/23/2024 (MT Newswires) -- Adrian Haigh, CHIEF OPERATING OFFICER, around April 19, 2024, sold 44,445 shares in Fennec Pharmaceuticals ( FENC ) for $414,472. SEC Filing: https://www.sec.gov/Archives/edgar/data/1211583/000141588924011336/xslF345X03/form4-04222024_110404.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved