New Delhi: Punjab is gearing up for Legislative Assembly elections next year. Making a major announcement ahead of polls, the Punjab CM Charanjit Singh Channi on Monday announced that his cabinet has decided to cut down electricity prices by Rs 3 with immediate effect. Besides, it will provide benefit to 95% of the residents in Punjab, claimed Channi in a press conference.
The slashed electricity rate will significantly benefit the people of state.
“The electricity that we have bought today is for Rs 2.65. When we did a survey, people told us that they do not want free but cheap electricity,” said Channi while making the announcement.
[Live] Announcing a Historic Decision for the Welfare, Progress and Prosperity for the People of Punjab, during a Press Conference at Punjab Civil Secretariat, Chandigarh. https://t.co/vBmNaN5P6I
— Charanjit S Channi (@CHARANJITCHANNI) November 1, 2021
“Our rate now is Rs 1.19 up to 100 watts. From 100 to 300 units, the new power rates will be Rs 4 per unit, earlier, it used to be Rs 7. And above 300 units, people will get electricity at the rate of Rs 5 per unit,” he added.
Besides, Channi claimed that Rs 3,316 crore will be spent per year on power subsidies. “Punjab already bears ₹ 10,628 crores on power subsidy and now total subsidy is 14,000 crores, which is seven times than what Delhi spends on the same. Delhi spends ₹ 2,200 crores,” he stated.
Previously, for 100 to 300 units, consumers were charged Rs 7 per unit. However, now they will be charged Rs 4 per unit for the same. Besides, for more than 300 units, charges were Rs 8.76 per unit, which will be now charged at Rs 5.76 per unit.
