REGULATORS MAY FIX OPEN ACCESS SURCHARGE

The Government is likely to amend the National Tariff Policy to allow state power regulators to fix the open access surcharge, a move that will enable high-end consumers to select their electricity suppliers. The Policy fixed a uniform formula for all state regulators to calculate cross subsidy surcharge for open access in distribution. Surcharge has to be paid by consumers to compensate for the revenue loss to their existing electricity suppliers.