Cash for Power Unit saved New Scheme of Kerala State Electricity Board (KSEB)

Published on: 14 Mar, 2013
Published under: General Kerala News, Kerala Business News

13 Mar 2013

Under Heavy loses Kerala State Electricity Board (KSEB) has launched a unique scheme for domestic consumers which allows them to earn cash back for power saved. “We sell power to domestic users at Rs4.60 per unit. Starting from March 23 till May 31, we are running a campaign for all domestic consumers. If during this period, any consumer saves a minimum of 10% electricity compared to the previous bill, we will give a cash incentive of 50% of the number of units they saved,” state Power Minister Aryadan Mohamed said here yesterday.

According to the KSEB, the state requires more than 3,300MW at peak demand time and, to match current capacity, Kerala enforces an hour’s power outage each day – half-an-hour each in the morning and at night.

“Assuming that through this incentive scheme, there is going to be an overall reduction by 10% in daily consumption, and after that if we pay back 50% to consumers, KSEB will make huge savings because then we can reduce the power that we buy at high rates. That would be a saving for us,” KSEB chairman M Sivasankar said.

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