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parallels to a similar situation in 2012 when a levy intended to cover transport losses was introduced but subsequently rescinded following public backlash.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

Ceigall India Unlocks Rs 177 Crore To Support New Infrastructure And Urban Development

Ceigall India Unlocks Rs 177 Crore To Support New Infrastructure And Urban Development

Infrastructure developer Ceigall India has moved to monetise a completed road asset through the sale of a highway project subsidiary in a transaction valued...
Uttar Pradesh Approves Rs 3500 Crore Real Estate And Urban Expansion Projects In Agra Bareilly Prayagraj

Uttar Pradesh Approves Rs 3500 Crore Real Estate And Urban Expansion Projects In Agra...

Uttar Pradesh has approved a major urban expansion programme aimed at accelerating planned growth in Agra, Bareilly and Prayagraj, with a budgetary commitment of...
Raymond Realty Advances Housing Development With Rs 589 Crore Contract

Raymond Realty Advances Housing Development With Rs 589 Crore Contract

A major construction contract linked to a large residential development in the Mumbai Metropolitan Region has highlighted the continued momentum of housing-led urban growth...
HSBC Says Dharavi Project Could Reshape Mumbai Real Estate Landscape

HSBC Says Dharavi Project Could Reshape Mumbai Real Estate Landscape

One of India's most closely watched urban renewal projects is increasingly being positioned as more than a housing redevelopment exercise. Plans emerging around Mumbai's...
Rice Adamas Group Strengthens Mumbai Presence With New Office Hub

Rice Adamas Group Strengthens Mumbai Presence With New Office Hub

Mumbai's position as India's leading business and financial centre continues to attract corporate investment, with another organisation establishing a presence in the city through...