HomeLatestSouth Mumbai Residents Rally Against New Electricity Deposit

South Mumbai Residents Rally Against New Electricity Deposit

In South Mumbai, rising discontent among residents has emerged over the recent implementation of an additional security deposit for electricity bills, coinciding with the installation of smart meters. This new charge has incited a backlash, leading , a former opposition leader of the Brihanmumbai Municipal Corporation (BMC), to petition the Bombay High Court for its annulment. The introduction of this deposit has provoked frustration among consumers, who argue it is unnecessary given that the BEST Undertaking already holds existing meter deposits. Residents from Mumbadevi and Peddar Road have expressed their grievances, with one citing the online payment process as overly complex and cumbersome.

has actively taken to social media to highlight the community’s concerns, tagging Chief Minister Eknath Shinde in his posts to amplify their voices. He questions the necessity of this additional deposit, especially as the rollout of smart meters in residential areas has been temporarily suspended by BEST. Raja points out that this new financial burden arrives three years after the provision was first established in 2021. In defence of the new charge, a BEST official stated that the additional deposit is compliant with the Maharashtra Electricity Regulatory Commission (MERC) Electricity Supply Code, a regulation they argue is essential for maintaining operational standards in line with other state power utilities.

Amidst this turmoil, Raja suggests that the true motive behind the additional deposit may be to offset the substantial financial shortfalls of BEST’s transport division, which is grappling with a projected deficit of approximately ₹2,000 crore for the current fiscal year. He draws parallels to a similar situation in 2012 when a levy intended to cover transport losses was introduced but subsequently rescinded following public backlash. BEST officials, however, assert that this additional deposit pertains solely to the power supply division, with intentions to raise around ₹200 crore from approximately 10.8 million consumers to enhance financial stability amidst rising operational costs.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

India Paint Prices Rise As Crude Costs Bite

India Paint Prices Rise As Crude Costs Bite

Paint will cost more from November as India’s biggest manufacturers pass on higher raw material bills. Asian Paints plans an indicative 3 per cent...
India Steel Expansion Plan Tests Climate And Coal Limits

India Steel Expansion Plan Tests Climate And Coal Limits

India has drafted a plan to nearly triple its steelmaking capacity to 604 million tonnes by 2047, while cutting the carbon emitted per tonne...
Karnataka Hybrid Energy Project Draws Cement Maker Stake

Karnataka Hybrid Energy Project Draws Cement Maker Stake

India Cements has agreed to buy a 3.62 per cent stake in a Hyderabad-based renewable energy company, securing 11 MW of clean power for...
Mumbai Homebuyers Still Await MahaRERA Compensation Payouts

Mumbai Homebuyers Still Await MahaRERA Compensation Payouts

Maharashtra’s homebuyers have received about 45 per cent of the compensation the state real estate regulator has ordered developers to pay since 2017. Only...
Sri Lotus Revenue Climbs As Mumbai Redevelopment Grows

Sri Lotus Revenue Climbs As Mumbai Redevelopment Grows

Sri Lotus Developers and Realty has reported second-quarter revenue of ₹269 crore, up about 53 per cent from ₹176 crore a year earlier. The...