Times of India | 5 days ago | 24-11-2022 | 04:43 am
Panaji: At the public hearing of the Joint Electricity Regulatory Commission (JERC) of the electricity department, the Goa Chamber of Commerce and Industry (GCCI), Goa, raised concerns over the increase in distribution loss from approximately 10.4% in 2017-18 to 15% in 2019-20.It also recorded its concern over the 10 fold increase in the department’s revenue gap from Rs 42.6 crore in 2017-18 to Rs 414.7 crore in 2019-20.In order to control expenses, it suggested that the department reduce power purchase cost and improve (reduce) distribution losses. It also pointed out that the Niti Aayog, in its report to chief minister Pramod Sawant, stated that power tariff in Goa for industries, at Rs 5.8 per KWh, is high and should be reduced in order to make the state’s industrial sector more export competitive. It had also asked the government to reduce the technical and commercial losses and to consider ‘time of use’ pricing to more customers, including residential users, adjusting peak tariff slots.During the hearing, the director general of GCCI sought to know whether the department follows the single or double entry accounting system. Chief electrical engineer Stephen Fernandes stated that it follows the single entry of accounting and added that it would look into the possibility of preparing the department’s accounts in double entry. He submitted that if the department switched to double entry, then all other government departments would have to do so, too.Amonkar said one cannot decipher whether there is any money due to the department when reading accounts under the single entry accounting system. The double entry system is a full proof entry system, he said. Many receivables are not accounted for in the single entry system, especially in the case of consumers who have not paid for long periods of time.