CSERC has today announced a rebate cut in load factor for state based steel mills for FY21, however basic tariff remains unchanged. For the purpose of calculating load factor rebate, on energy charges, available to 'HV-4: Steel Industries' category, the maximum prescribed load factor has been scaled down from load factor of '77% and above' to load factor of '70% and above'. Rebate drop by 8% is equivalent to increase in tariff by INR 0.40-0.50/unit.
It is also to be noted that earlier subsidy of INR 0.80-0.90/unit, expired on 31 Mar'20.
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