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  1. Tangedco’s losses narrowed in fiscal 2023 after tariff revision, says ratings firm
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Tangedco’s losses narrowed in fiscal 2023 after tariff revision, says ratings firm

Tamil Nadu Generation and Distribution Corporation Limited’s (Tangedco) net loss narrowed in fiscal 2023, after the tariff revision which came into effect from September 10 last year, according to a ratings report. The power utility’s losses narrowed to ₹5,523 crore in fiscal 2023 from ₹11,955 crore in fiscal 2022, ratings firm India Ratings and Research said in its report. The firm expects Tangedco’s net loss to narrow further in fiscal 2024, with the Tamil Nadu Electricity Regulatory Commission (TNERC) allowing a yearly revision in tariff and improvement in operational efficiency. Recently, the Tamil Nadu government announced that there will be no hike in domestic electricity tariff from July 1 this year and there will be an increase of tariff for commercial establishments between 11 paise and 21 paise. Tangedco’s units of power sold decreased to 88,409 million units (MU) in fiscal 2023 from 97,319 million units in fiscal 2022, India Ratings said. Subsidies are critical to trim Tangedco’s continued losses and maintain the distribution company’s financial profile at a comfortable level, it said. The subsidies and loss funding by the government of Tamil Nadu comprised nearly 33% of Tangedco’s total revenue in fiscal 2023, when compared to 29% in fiscal 2022. For fiscal 2024, the State government has allocated a budget of ₹14,063 crore towards the tariff subsidies. In fiscal 2023, ₹10,477 crore was released towards tariff subsidies, it said. Agricultural consumer subsidy ac...

TNEB Online

TNEB or Tamil Nadu Electricity Board is a government owned power distribution company in the state of Tamil Nadu. TNEB provides electricity to people of Tamil Nadu and is the biggest government owned state electricity distribution company in India. All TNEB Consumers are provided with Disclaimer - This is an information website and is not affiliated with TNEB or Government of Tamil Nadu. Important information related to TNEB TNEB Consumer Number - All TNEB Customers are provided with their unique CA or Consumer Account number. Consumers use this consumer number to identify and search their electricity bill connection. Consumer number is also used to make online bill payment as well as calculating TNEB reading details online. TNEB Bill Calculator - TNEB provides with an online TNEB Reading Details - You can login to the TNEB Bill Reading login page and then use your Consumer number to check your current bill. In the bill, there are all electricity consumption details or TNEB Webmail - TANGEDCO power distribution - Currently, almost307.54 lakhs people are being distributed with electricity under TANGEDCO power distribution company. TANGEDCO stands for Tamil Nadu Generation and Distribution corporation limited. TNEB New service connection on TANGEDCO portal - new electricity connection under TNEB or TANGEDCO can be applied for onnsc.tnebltd.gov.in. Any applicant can go to the TNEB new connection page and use their mobile number and email address to start the online applicatio...