SC UPHOLDS POWER DISCOM PLEA TO RETAIN DEPRECIATION VALUE

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NEW DELHI: In a judgement that could further escalate electricity tariff in the Capital, the Supreme Court on Thursday upheld the plea of power discoms to retain their depreciation value at 6.69% and not 3.75% as ordered by the Delhi Electricity Regulatory Commission (DERC). A Bench of Justice SH Kapadia and B Sudarshan Reddy dismissed the DERC appeal that had challenged the Appellate Tribunal of Electricity’s (ATE) order that had held that the depreciation should be fixed only at 6.69%. The judgement, in effect, means that the government would have to pump an estimated additional Rs 300 crore for meeting the enhanced depreciation value for the power sector companies.

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